Dáil Éireann Debate, Thursday - 25 June 2026
45. Deputy Emer Currie asked the Tánaiste and Minister for Finance to provide an update on his review of the taxation of retail investment with a view to ensuring that existing investors are included in future tax measures; and if he will make a statement on the matter. [47672/26]
Amharc ar fhreagraI am committed to taking the necessary action to support retail investment in Ireland. Budget 2026 introduced a reduction in the taxation rate that applies to Irish and equivalent offshore funds and Irish and certain foreign life assurance products, from 41 per cent to 38 per cent.
Budget 2026 also 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 take the Commissions Savings and Investment Account recommendation, and the Funds Review into consideration. The roadmap is expected to be published in summer 2026.
As I announced at the first annual Savings and Investment Forum, on 31 March, another key aspect of the roadmap is the development of a new investment account that aims to reduce the complexities related to retail investment taxation and which allow individuals to grow their savings more efficiently. The key guiding principles underlying the design of the new investment account are simplicity for the investor, a beneficial tax treatment for a range of investments, preserving individual funding of pensions and a focus on encouraging new retail investors.
