Financial Instruments Dail Éireann — 2026-04-21 ============================================================ Simon Harris (FG), Wicklow The short answer is "Yes" and the next word is "but". Yes, I see the policy challenge here. I do not like a situation where the world has evolved and policy has not caught up. Therefore, I would like to see an overhaul in this area. I am quite committed to that and to reforming retail investment. The only reason I say "but" is in relation to the near-term aspect. No matter what question anyone asks me on tax, I do not want to tie our hands, as a collective government or Oireachtas, in terms of decisions we may make in the time ahead. However, the Irish people can judge this Government, in its current form, on what it did in its first budget. It reduced the rate associated with the rule from 41% to 38%. That was a statement of intent by my predecessor, the then Minister Paschal Donohoe. Second, we said we would publish a retail investment roadmap for overhauling this sector and roll into that the recommendation of the funds sector report, which deals very much with deemed disposal, among other areas. Third, we have given a commitment that we are not just going to say we are going to champion the savings and investment union at a European level but are also going to make sure there are practical benefits for citizens in Ireland in terms of establishing an investment account. I have no doubt we will be able to make progress on this together in the time ahead. I would hope we can make progress on this in the near term, but let us work through that. I am learning it is important when you are a finance Minister to say tax matters are a matter for budget day, and I am quite comfortable with that. That is the appropriate way to proceed. Deputy Boland's point on parents and others is important. I have heard some ill-informed comments – Quelle surprise – on the investment account. First, you would swear we were the only ones doing this. We are certainly not the first. It is the right thing to do. It is a recommendation of the European Commission. We cannot just talk about financial resilience at a macro level; we have to bring it into people's households. I have heard it asked whether this is just something for the wealthy. The wealthy are well able to look after themselves. They do not need our help. They are not the people being blocked out of investments. The people being blocked out of investment are parents, the garda married to the nurse, the teacher, the civil servant, the small business owner and the person trying not just to get by but also to get ahead. This is an opportunity, over the longer term, to help families, or middle Ireland, to build up resilience. I am extraordinarily committed to that. --- Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted. 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