Embedded Files
Working to get a better deal for Irish savers and investors.
Ireland's investment regime needs to modernise - for everyone's sake.
Ireland's investment regime needs to modernise - for everyone's sake.
Priorities for Ireland's Savers and Investors
Priorities for Ireland's Savers and Investors
- The Irish ISA
Whether saving for a house deposit, a child's education or any other intermediate goal, Irish savers and investors need a convenient vehicle they can access before retirement age.
2. Scrap Deemed Disposal
2. Scrap Deemed Disposal
Ireland is highly unusual in punishing investors with an enormous tax (41%) on their unrealised fund returns. This tax must be scrapped.
3. Raise the annual CGT allowance
3. Raise the annual CGT allowance
Ireland's €1,270 capital gains tax allowance has been fixed for decades, without any adjustment for inflation over all of this time. A higher CGT allowance will encourage small investors to get started.
4. Stop taxing pension contributions
4. Stop taxing pension contributions
Ireland's pension savers are taxed PRSI and USC at rates of up to 12% on their contributions. Other countries typically provide far more attractive relief than this on retirement savings.
Why these priorities?
Why these priorities?
Encouraging individuals to save and invest is good for everyone. But Ireland is uniquely poor when it comes to the options it provides to savers and investors. These priorities will give people the tools and the freedom they need to take control of their financial futures.
Page updated
Google Sites
Report abuse