The Personal Investment Account: what Budget 2027 means for you

A new way to invest, expected from 1 July 2027: a €50,000 tax-free threshold, a 1% annual tax above it and up to €12,000 a year. A senior advisor shows you how it fits beside your pension and savings.

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Tax relief, contribution limits and the right plan differ between the three.

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What it is

A simpler, lower-tax way to invest

Budget 2027 confirmed a new Investment Account for personal investors, which we call the Personal Investment Account. It is expected to open on 1 July 2027. Inside it, the current tax rules for funds and investment policies do not apply. Instead there is one flat tax of 1% a year on the value above €50,000.

The provider works out the tax, reports it and pays it to Revenue, so you have no tax return to file for the account. The eight-year deemed disposal rule does not apply inside it.

  • Open to Irish residents aged 18 and over with a PPSN
  • €50,000 tax-free threshold
  • 1% a year on the value above €50,000
  • Up to €12,000 paid in each year, no minimum
  • One account per person at launch

The confirmed figures

The detailed rules await Finance (No. 2) Bill 2026 and each provider's terms. These are the figures the Department of Finance published on Budget day.

FeatureWhat Budget 2027 confirmed
Opening dateExpected 1 July 2027, launched by providers
Who can open oneIrish resident individuals aged 18 and over with a PPSN
Tax-free threshold€50,000
Tax above the threshold1% a year, worked out on the average of the daily values
Annual contribution limit€12,000, with no minimum
Accounts per personOne at launch
What it can holdShares, bonds, investment funds and insurance-based investment products
Who can provide itMiFID-authorised firms, regulated fund managers and insurance companies
Deemed disposalDoes not apply inside the account
Tax reporting and paymentHandled by the provider
Who it suits

Who the account suits

The account is built for money you want to grow over years, not weeks. It suits people with savings on deposit earning little, people who already use their pension relief and want to invest more, and parents and grandparents building a fund in their own name for a family goal.

Each person can hold one account, so a couple can hold two: up to €24,000 a year between them, with €100,000 inside the two tax-free thresholds. It does not suit money you may need soon. Keep an emergency fund in cash first.

  • Savers with money on deposit for five years or more
  • Higher earners who have used their pension relief
  • Couples building towards a goal in two accounts
  • Investors who want to avoid deemed disposal
Beside your pension

How it sits beside a pension

For most people a pension still comes first. Personal contributions get income tax relief at up to 40%, the fund grows with no tax, and part of it can be taken tax-free at retirement. Nothing announced for the Investment Account gives relief on what you pay in.

What it gives instead is a second pot outside the pension with a low, predictable tax. Used together, the pension funds your retirement and the account builds money outside it for other goals. Your plan sets the amount for each.

  • Pension first while relief is at 40%
  • The account for goals outside the pension
  • Cash for emergencies and near-term spending
  • One plan that sets the amount for each

Pension and Investment Account compared

FeaturePensionInvestment Account
Tax relief on what you pay inYes, at 20% or 40% within age-related limitsNone announced
Tax on growthNone while invested1% a year on the value above €50,000
Yearly limit15% to 40% of earnings by age, on earnings up to €115,000€12,000
AccessFrom 60 in most cases, from 50 in someSet by the Finance Bill and provider terms
What happens next

What to do now

1

Do not sell to wait

Moving existing investments into the account has not been confirmed. Do not cash in or move anything because of the account until the rules are published.

2

Set your cash reserve

Keep enough on deposit for emergencies and near-term spending before you invest.

3

Use your pension relief

If you have relief left at 40%, that usually comes first.

4

Decide your yearly amount

Up to €12,000 each. We work out what fits your plan.

5

Register your interest

Complete the form. When providers publish their terms we compare them, and your advisor is in touch before the account opens.

€50,000tax-free threshold
1%annual tax on the value above it
€12,000yearly contribution limit
18+minimum age to open one, with a PPSN
Google reviews

What clients say about their advisor.

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We (Richie and Nickey) received excellent pension advice that was clear, honest, and tailored to my situation. Everything was explained in a way we could easily understand, and we felt confident making decisions about my future. Highly professional service and very reassuring throughout the process.
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Richard O NeillPension advice
They made setting up a company pension on a deadline extremely easy and stress free. You can tell they understand the products inside out. Very approachable, great availability for support with instant and clear answers.
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Mairead KilbrideCompany pension
True Wealth was super efficient in locating my UK pension. They were very professional and responsive in dealing with the relevant pension organization. I would highly recommend True Wealth.
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Bridget WhooleyUK pension trace
Thank you for the several calls to advise me. Great client attention! Eimear is fantastic! I had my pension sorted and a few insurances arranged. All the best.
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Renan DevitaPension and protection
Excellent service. Always there if I had any questions, would recommend without hesitation. A 5 star service. Thank you everyone.
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Anthony HGeneral
Questions

Frequently asked questions

Straight answers with the figures. If yours is not here, a senior advisor answers it in your review.

When can I open a Personal Investment Account?

It is expected to open on 1 July 2027, launched by providers. The Department of Finance says the further details will be set out in Finance (No. 2) Bill 2026.

How much tax would I pay?

The 1% applies only to the value above €50,000, worked out on the average of the account's daily values. An account averaging €80,000 over a year would pay 1% of €30,000, which is €300. An account under €50,000 pays nothing. These figures are illustrative.

What can I invest in?

At launch the account can hold shares, bonds, investment funds and insurance-based investment products. We advise on the funds and insurance-based investment products offered through the account by the regulated providers we compare.

Can I move my existing investments into the account?

This has not been confirmed. Do not sell or move existing investments because of the account until the Finance Bill and provider terms are published.

Will it replace my pension?

No. Pension contributions still get income tax relief and nothing announced for the account does. For most people the account sits beside a pension, not instead of it.

Can my partner and I each have one?

Yes. Each eligible person can hold one account at launch, so a couple can hold two, each with its own €12,000 limit and €50,000 threshold.

Will providers charge for the account?

Providers may charge a fee to manage it. We compare the charges when providers publish their terms.

What changed for investments outside the account?

Budget 2027 also cuts the tax on Irish investment funds and life assurance investment policies from 38% to 35%, and cuts Capital Gains Tax from 33% to 31% for disposals on or after 7 October 2026.

Sources

Checked 7 October 2026. The detailed rules await Finance (No. 2) Bill 2026 and provider terms.

Warnings

Warning: The value of your investment may go down as well as up.

Warning: If you invest in this product you may lose some or all of the money you invest.

Warning: Past performance is not a reliable guide to future performance.

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