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

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

  • Ireland's 2027 budget introduces tax break for savings investment
  • Irish Investment Accounts launched in July to exempt first €50k from taxes
  • Annual tax of 1% on balances above €50k, with €12k annual contribution cap

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