Budget 2027 and the Personal Investment Account
Budget 2027 takes place on Tuesday 6 October 2026. It will confirm the three figures that decide how attractive the Personal Investment Account is: the flat tax rate, the tax-free threshold and the annual contribution limit.
The three figures
| Figure | What it means | Amount |
|---|---|---|
| Flat tax rate | The yearly tax charged on the value of your account above the threshold | To be confirmed in Budget 2027 (6 October 2026) |
| Tax-free threshold | The account value below which no tax is due | To be confirmed in Budget 2027 (6 October 2026) |
| Annual contribution limit | The most you can pay into the account in one year | To be confirmed in Budget 2027 (6 October 2026) |
You may see figures quoted in the media or by financial firms before Budget day. These are estimates or illustrations. Nothing is confirmed until the Minister for Finance announces it.
What is already confirmed?
The Department of Finance published the design of the account on 31 August 2026 in its Roadmap for the Taxation of Retail Investment:
- Open to Irish tax residents aged 18 or over with a PPSN, one account per person.
- Holds listed shares, listed bonds, and retail investment funds including ETFs. Derivatives and crypto assets are excluded.
- Exit tax and the deemed disposal rule do not apply inside the account.
- The provider calculates, reports and pays the tax. No tax return for the account.
- No minimum contribution and no lock-in period.
- Accounts to be available in 2027.
What to watch for on Budget day
- The rate and threshold together. A yearly tax on value works differently from a tax on gains. Whether the account beats the current rules for a given saver depends on both numbers.
- The contribution limit. This decides how quickly savings can be moved into the account.
- Transfers of existing investments. The roadmap does not say whether funds or shares you already hold can be moved in, or how that would be taxed.
- A start date. So far the Government has said only "2027".
- The wider regime. Changes to the 38% exit tax rate and deemed disposal outside the account are being considered for Budget 2028 and later, not this Budget.
Timeline
| Date | Event |
|---|---|
| 31 August 2026 | Roadmap published with the account design |
| 6 October 2026 | Budget 2027: rate, threshold and contribution limit announced |
| Late 2026 | Finance (No. 2) Bill 2026 provides the legal framework |
| 2027 | Accounts available from qualifying providers |
Updates
- 30 September 2026: Page published. Figures not yet announced.
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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We will email you the Budget 2027 figures when they are announced, and again when Personal Investment Accounts can be opened. No spam, and you can unsubscribe at any time.