Financial Services Ireland (FSI) has called for the Government’s proposed savings and investments accounts (SIA) to be exempt from capital gains tax and income tax on entry and exit from investment in order “to ensure its successful take-up with retail investors”. This comes as finance minister Simon Harris has floated plans to introduce a new savings scheme that would encourage people to invest their built-up savings. In advance of the Government’s first Annual Savings and Investment Forum, which begins on Tuesday, the FSI is making a number of recommendations on how best to introduce these new SIAs. On top of tax exemptions, FSI also recommended that the account design should not require SIA investors to make an individual tax return and not require the SIA product provider to calculate or withhold tax amounts. The director at the FSI, Patricia Callan, said that, while keeping money in deposit accounts is “necessary”, there is a “blind spot when it comes to retail investing in Ireland”.

Source: Irish Examiner March 29, 2026 23:06 UTC