I propose to take Questions Nos. 261, 264 and 268 together.
Budget 2026 included a commitment to publish a roadmap for the taxation of retail investment, setting out an approach to simplify and adapt the tax framework to further support retail investment, while retaining necessary and important anti-avoidance protections in a proportionate manner. The roadmap will be published in the coming months, and the work underway included careful consideration of the existing taxation rules. The roadmap will take the European Commission's Savings and Investment Account recommendation and the recommendations of the Funds Sector Review, including in relation to the issue of deemed disposal, into consideration. I do not intend to provide specifics in relation to the content of the roadmap ahead of its publication. At this point in time I do not intend to publish any documents ahead of the roadmap. My officials and I continue to engage with stakeholders as work continues on the roadmap.
As the Deputy may be aware, at the first annual Savings and Investment Forum on 31 March 2026, I announced my intention to implement a new Irish investment account, similar to the savings and investment account models operating in other jurisdictions. This account is a key aspect of the roadmap and it aims to reduce the complexities related to retail investment taxation and allow retail investors to grow their savings more efficiently.