New Government Savings & Investments Scheme: What We Know So Far

The Government has confirmed plans for a new State-backed Savings & Investment Scheme, due to launch in 2027, aimed at helping people grow long-term savings in a simple, tax efficient way. It is expected to be one of the most significant personal finance reforms in years, offering an easier alternative to traditional investment accounts. Here’s what we know so far:

A New Personal Investment Account (PIA)

The scheme will introduce a Personal Investment Account, available to all Irish resident adults. It is designed to make investing more accessible by removing many of the tax and administrative barriers that currently apply to shares, ETFs and investment funds.

Key Features of the Scheme (Confirmed)

Each saver will have a tax-free threshold. Above this, a low flat annual tax will apply to the value of the account, but not to gains or disposals.

Investments inside the account will not be subject to the 38% Exit Tax or the eight‑year deemed disposal rule.

There will be no minimum contribution, no lock‑in period, and withdrawals will be allowed at any time.

A yearly limit will apply in the form of an annual contribution cap (to be confirmed in Budget 2027).

Eligible Investments

Shares, bonds, regulated funds and ETFs will be allowed. High risk or complex products (e.g., derivatives, crypto) will not. Providers will calculate and pay any tax due directly to Revenue with no CGT or Exit Tax returns required.

Why is the New Savings Scheme being Introduced?

Irish households hold over €170bn in low interest deposits. The Government wants to encourage long term saving, improve financial literacy, and give savers a simple way to invest without complex tax rules.

What’s Still Unknown About the Scheme?

We expect Budget 2027 will confirm:

The tax‑free allowance
The flat annual tax rate
Annual contribution limits
Approved providers
Final eligibility rules

Sign up to our Budget Newsletter

Last updated: 16th September 2026