Ireland’s 2027 budget offers tax break to help people invest savings

🇮🇪 Politico Europe (IE) —

AI Summary

Ireland’s proposed 2027 budget includes a tax break intended to encourage people to move savings from low-interest deposit accounts into higher-return investments. The policy aims to mobilize some of the €170 billion currently held in such accounts.

The Irish are hoping to woo some of the €170 billion sitting in low-interest deposit accounts into riskier investments with higher returns.

Politics Markets Ireland 2027 budget tax relief household savings investment deposit accounts

Read original source →