A new savings scheme will help “grannies, parents, and individuals” across the country who are looking to save small amounts but are not getting a return on their investment, Tánaiste Simon Harris has vowed. Mr Harris is expected to announce a new Personal Investment Account as part of Budget 2027 in October. The scheme will tax savings only when balances surpass a certain threshold, with the exact details still being worked out. He said that the idea has been implemented in other European Union countries and is a “key recommendation of the European Commission as part of the savings and investment union”. We want to listen, and we want to get this right.”Mr Harris said he would like to see the savings scheme legislated for as part of Budget 2027 in October, with the accounts available from next year.

Source: Irish Examiner March 31, 2026 15:58 UTC