Ireland's new Personal Investment Account, compared line by line.
A tax-efficient wrapper for shares, bonds and ETFs — modelled on Sweden's ISK. No 41% exit tax, no deemed disposals. We track every MiFID firm offering the PIA so you can compare before the doors open.
Provider comparison
Firms confirmed for 2027
Fees below are illustrative, based on each firm's standard PIA wrapper. Pre-launch: join the waitlist.
Tallagh Invest
ETF focus · low cost
Cumann Asset
Advised portfolios
Ború Bank
Bundles with deposits
*Fee-free for first 12 months, standard rate after.
The tax picture
Why the PIA changes the maths.
Today's exit tax
41%
Each sale inside a standard account is a taxable disposal, and unrealised gains are pulled into tax via the eight-year deemed disposal rule.
Under the PIA
No exit tax
No deemed disposals while funds sit inside. A small flat tax applies at withdrawal, above a tax-free threshold. Move from savings to investment without the disposal spiral.
Who it's for: the savers behind the €175bn sitting in near-zero Irish deposits, and long-term investors who want to rebalance without triggering disposal events.
How it works
Three steps, on paper.
- 1
Open the PIA
Choose a MiFID firm, no minimum contribution required.
- 2
Invest your savings
Put deposits into shares, bonds or ETFs, on your own timing.
- 3
Withdraw later
Single flat tax at the top, above the tax-free threshold.
Savings vs investment
See the difference over 20 years.
Deposit today
€10,000
Projected value
€32,071
Questions
Asked, answered.
When does the PIA open?+
The scheme is set to launch in 2027. Firms will open applications in the weeks beforehand — we'll track every confirmed provider here.
Is there a minimum to start?+
No minimum contribution is set by the State. Individual firms may choose their own onboarding terms, so compare before you commit.
What can I invest in?+
Shares, bonds and exchange-traded funds, broadly mirroring the investment range of Sweden's ISK model on which the PIA is based.
How is it taxed differently?+
No 41% exit tax on each sale and no annual deemed disposal while funds stay inside the account. A small flat tax applies on withdrawal, above a tax-free threshold.
Be first through the door in 2027.
One email when the first PIA opens for applications — with the full provider comparison attached.