People putting money into the Government\u2019s planned new investment scheme will not be liable for capital gains tax, the Tanaiste has said.<\/p>\n
Simon Harris will convene a Savings and Investment Forum \u2013 bringing together relevant industry and policy stakeholders to inform the process of establishing a new investment account scheme on Tuesday.<\/p>\n
The Cabinet was briefed about the new savings and investment account earlier this week, but details are just emerging.<\/p>\n
Ministers were told that the preferred model being examined is a Swedish system called Investeringssparkonto (ISK).<\/p>\n
The scheme will promise a \u201cbeneficial tax treatment for a range of investments\u201d, acting as a \u201cone stop shop\u201d for retail investors.<\/p>\n
At present there is around \u20ac170bn on deposit by savers in Ireland, and it is hoped a portion of this money will be invested.<\/p>\n
Irish people hold just 2.2% of their financial assets in direct investments such as stocks and bonds, according to data presented to Cabinet.<\/p>\n
A spokesman for the T\u00e1naiste said Minister Harris \u201cbelieves we need to strengthen Ireland\u2019s investment culture, giving people real opportunities to make more of their hard-earned money\u201d.<\/p>\n
The minister aims to introduce the scheme as part of Budget 2027 so accounts will be operational next year.<\/p>\n
Government\u2019s new public investment scheme will not be hit by capital gains tax was last modified: March 29th, 2026 by Staff Writer<\/p>\n","protected":false},"excerpt":{"rendered":"People putting money into the Government\u2019s planned new investment scheme will not be liable for capital gains tax,…\n","protected":false},"author":2,"featured_media":372450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-372449","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/372449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=372449"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/372449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/372450"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=372449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=372449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=372449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}