State Savings Schemes
Dail Éireann — 2026-04-21
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Ged Nash (LAB), Louth

I understand that people are risk averse because people have been burnt before. There are always risks to investing. Any model or scheme that is developed has to be very clear on that. I understand why the Tánaiste might want to dip his toe in the water in a tentative fashion in the first instance, and then maybe move from there. The Tánaiste has been quoted as favouring the Swedish model. It is one that people will be familiar with. On the basis that he has an understanding of the Swedish model and his officials may be going in that direction, has any assessment been done at this point on the tax implications for the Exchequer on the tax expenditure side in terms of tax forgone? It would be relatively easy to come to some kind of a conclusion - at least on a desktop basis - as to what the implications would be if we were to introduce a very simple straightforward model like the Swedish one. The Tánaiste seems to be moving away from the UK ISA-type model. Could he put his thinking on that, and what is informing it, on the record? In the available time, could he also indicate what engagement he has had on this with the Central Bank and if it has been helpful in assisting the Department?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-04-21/debate/main
Retrieved: 2026-09-21T01:01:08+00:00
Sitting date: 2026-04-21