Annual flat-rate tax among principles for savings scheme

Simon Harris outlines more details on new savings scheme to encourage Irish households to invest

Minister for Finance Simon Harris to outline scheme at Central Bank event on Tuesday

Simon Harris will outline details of major savings and investing plan later today

The Tánaiste is aiming to see the scheme introduced in the Budget later this year.

Annual flat-rate tax among principles for savings scheme

An annual flat-rate tax is among the guiding principles for the planned State-backed savings scheme that is expected to be introduced in the next budget.

Ireland to Launch Savings, Investment Scheme

Ireland is set to introduce a new personal savings and investment scheme next year. The initiative aims to encourage citizens to invest a portion of the 170 billion euros currently sitting in bank deposits earning minimal interest. Finance Minister Simon Harris has prioritised this policy since assuming his role four months ago, detailing the plans further on Tuesday. Harris highlighted the need to diversify Ireland’s savings and investment cult…

Government savings scheme will have single flat tax rate

A new state savings account set to be launched by government next year will be subject to a single flat rate of tax, Tánaiste and Minister for Finance Simon Harris has said. Speaking at the annual Savings and Investment Forum on Tuesday, Harris said the current tax system around savings is too complex and that simplicity would be a key component of the new account. Harris hopes that the move will encourage savers, who currently have a combined €…

Fine Gael’s investment scheme amounts to a tax break for millionaires

Fine Gael’s investment scheme amounts to a tax break for millionaires, according to Social Democrats finance spokesperson Cian O’Callaghan. Deputy O’Callaghan said: “Simon Harris and Fine Gael have shown their true colours as they roll out their latest scheme to allow millionaires dodge tax. “The rich and their accountants will make hay as they shift their investments around to make the most of this latest Government handout. “The cost of this t…