Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
Dail Éireann — 2026-03-26
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Simon Harris (FG), Wicklow

I thank the Deputy for raising this issue again. I know it is one he is very keen to see progress on - as am I - and I assure him that work is under way to ensure this. We cannot be in favour of a savings and investment union at an EU level, which we passionately are, and not make sure our citizens are able to benefit from that here. There are so many people in this country who are trying to do the right thing and put away small amounts of money for themselves, their kids and a rainy day. I am talking about small amounts of money here and middle Ireland. People are playing the rules and are not getting any return on it. In fact, it often loses value in real terms too. I am very keen to establish those investment accounts in Ireland. Work is ongoing on this. The first annual savings and investment forum will take place next Tuesday, where we will begin to parse through with stakeholders how that might be developed. I am looking at what other countries have done and I think Sweden has done well with this. The Deputy is also right that we need to look at what we can do around existing taxation structures on retail investment. He will know we took a first step last year in reducing the rate of tax applying to investments in Irish and offshore funds to 38%. The overall policy rationale for deemed disposal is the issue here that we need to explore and try to make progress on. I am very confident we can make progress together in the time ahead.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-03-26/debate/main
Retrieved: 2026-08-14T04:54:47+00:00
Sitting date: 2026-03-26