People putting money into the Government’s planned new investment scheme will not be liable for capital gains tax, the Tanaiste has said.
Simon Harris will convene a Savings and Investment Forum – bringing together relevant industry and policy stakeholders to inform the process of establishing a new investment account scheme on Tuesday.
The Cabinet was briefed about the new savings and investment account earlier this week, but details are just emerging.
Ministers were told that the preferred model being examined is a Swedish system called Investeringssparkonto (ISK).
The scheme will promise a “beneficial tax treatment for a range of investments”, acting as a “one stop shop” for retail investors.
At present there is around €170bn on deposit by savers in Ireland, and it is hoped a portion of this money will be invested.
Irish people hold just 2.2% of their financial assets in direct investments such as stocks and bonds, according to data presented to Cabinet.
A spokesman for the Tánaiste said Minister Harris “believes we need to strengthen Ireland’s investment culture, giving people real opportunities to make more of their hard-earned money”.
The minister aims to introduce the scheme as part of Budget 2027 so accounts will be operational next year.
Government’s new public investment scheme will not be hit by capital gains tax was last modified: March 29th, 2026 by Staff Writer