Exchequer Returns
Dail Éireann — 2026-09-29
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Ged Nash (LAB), Louth

I expect then, from what the Tánaiste is saying, we will see more details next week in the budget but that a lot of the tax-related matters will be addressed in the context of the Finance Bill that we will be dealing with in early November. Figures published by the IBEC group, Financial Services Ireland, would suggest that there will be a conservative 10% adult uptake. It applies a €30,000 tax-free annual allowance so that is probably a threshold that has been inserted into the media and with which we are familiar. It said that its first-year cost estimate would be approximately €54 million in foregone tax receipts. Is that an estimate that is familiar to the Government? Is that the baseline on which it is working? I would find it useful if the Tánaiste could establish, given his clear interest in this issue - he has been interested in this issue for some time now - an assessment in terms of the number of savers who may take up the opportunity to engage in this form of an account in the first year or two.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-09-29/debate/main
Retrieved: 2026-10-05T01:00:59+00:00
Sitting date: 2026-09-29