Tax Advantaged Savings/Investment Accounts

He's proposing nothing it's just another dictat from Europe, this is in the EU pipeline for a while, they want the money out of bank accounts to fund the green agenda and defence (or war depening on your take of the current situation).

As with all investments they can go to 0 and i'll assume this one probably will.

Article is extremely light on details, a UK style ISA (non cash) would be great

Dropping the stupid ETF taxation rate that’s higher than already extortionate capital gains, and deemed disposal etc 8 year (and not being able to offset loses) be even better

The government dug themselves into a hole with some of the most punitive and bizarre investment rules in the world

Right now I can open any number of apps on phone and buy US stocks or crypto and pay less tax on potential gains (and offset loses) and be subject to less paperwork than buying a European ETF, or buying Irish company shares (throw stamp duty on top)

It’s backward, and that’s why hundreds of billions flow into US markets from our pensions {when not snapping up properties} and investments here in Ireland and across EU, fuelling a regime voted in by couch ****ing hillbillies that hate everything about us and supported by tech bros who want to and are actively trying to dismantle our democracies for their oligarchic vision of a future

Just checked, 33% growth in last year in JEGI European investment trust for example

Now it’s on LSE measured in pounds so there is that forex risk

But still much better than US funds in last year that look great on surface until you look at Euro to usd rate in same period

Something like JEGI style ETF but in Euro with lower capital gains and without the bizarre deemed disposable rules be great, or even better a range of options so those for example who care about environment or obsessed with crypto can put their money where their mouths are depending on their risk appetite and so on, all eu markets had a blast of a year despite the clown in the whitehouse or the gremlin in the Kremlin

the government will make far more money on a smaller tax rate if they can get savers to switch from 0% bank savings account to investing instead it will be a win win for all - the only losers will be the traditional banks who have raped their customers for too long

they need to hugely move inheritance thresholds, there way to penal in today’s world. If this is to encourage younger savers fair enough but anyone older the government is just getting more tax when you die.

You should be able to pass wealth down through generations without being super rich, there’s only very limited ways to do this at the moment, property/land open to the public, art on display or buy a forrest if you want to look after the grandkids that don’t even exist yet.

“A spokesman for the Tánaiste said Minister Harris "believes we need to strengthen Ireland's investment culture, giving people real opportunities to make more of their hard-earned money".

The minister aims to introduce the scheme as part of Budget 2027 so accounts will be operational next year.”

I guess the devil will be in the details if or when they come out, but more hints being dropped today

a flat tax every year on ordinary citizens investments be a good tax spinner for government .. 1.065% each year would be about 1.8 bn in tax each year if all 170 billion of savers money ended up in the scheme versus 500 million on 1% bank interest at 33% capital gains tax ...

no wonder harris is keen to push this .. the government can do better than the swedish model for hard working tax payers how about the uk isa model or simply no deemed disposal and 30% tax on etfs to allow everyone invest in a safe etf