{
  "name": "PIA Rules Ledger",
  "description": "Versioned record of confirmed, proposed and undecided rules for Ireland's Personal Investment Account (PIA), due 2027.",
  "version": "2026.09.2",
  "updated": "2026-09-03",
  "jurisdiction": "IE",
  "canonical": "https://personalinvestmentaccounts.ie/rules",
  "licence": "CC BY 4.0 — cite as PIA·IE Rules Ledger",
  "counts": {
    "confirmed": 1,
    "proposed": 13,
    "undecided": 5,
    "excluded": 1
  },
  "rules": [
    {
      "id": "PIA-001",
      "category": "Timeline",
      "statement": "The Personal Investment Account is intended to be available to Irish residents during 2027.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "note": "Stated as an intention in the roadmap; delivery depends on the Finance Bill passing.",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-002",
      "category": "Timeline",
      "statement": "The legislative basis for the account is to be set out in the Finance Bill following Budget 2027.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-003",
      "category": "Taxation",
      "statement": "Tax is charged annually on the value of the account rather than on realised gains from individual disposals.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "note": "Modelled on the Swedish ISK.",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-004",
      "category": "Taxation",
      "statement": "The annual charge applies only to account value above a tax-free threshold, calculated using average valuations across the year.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-005",
      "category": "Taxation",
      "statement": "The flat annual tax rate applying to the account.",
      "status": "undecided",
      "lastChanged": "2026-08-31",
      "note": "To be set in Budget 2027. No figure has been published or briefed.",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-006",
      "category": "Taxation",
      "statement": "The size of the tax-free threshold below which no annual charge arises.",
      "status": "undecided",
      "lastChanged": "2026-08-31",
      "note": "To be set in Budget 2027. Sweden's equivalent exemption is SEK 300,000 for 2026.",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-007",
      "category": "Taxation",
      "statement": "The eight-year deemed disposal charge does not apply to assets held inside the account.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-008",
      "category": "Taxation",
      "statement": "Tax charged on the account is final — no further liability arises on withdrawal or disposal within the account.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-009",
      "category": "Taxation",
      "statement": "Reform of the 38% exit tax rate and deemed disposal for funds held outside the account is deferred to Budget 2028 and is not committed.",
      "status": "undecided",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-010",
      "category": "Contributions",
      "statement": "An annual limit will apply to contributions into the account.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-011",
      "category": "Contributions",
      "statement": "The value of the annual contribution limit.",
      "status": "undecided",
      "lastChanged": "2026-08-31",
      "note": "To be set in Budget 2027.",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-012",
      "category": "Contributions",
      "statement": "No minimum holding period is proposed — funds can be withdrawn at any time.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-013",
      "category": "Eligible assets",
      "statement": "Listed shares and bonds, retail investment funds and ETFs, and insurance-based investment products are expected to be eligible.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-014",
      "category": "Eligible assets",
      "statement": "Derivatives and crypto-assets are excluded from the account.",
      "status": "excluded",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-015",
      "category": "Eligible assets",
      "statement": "Cash held in the account is restricted to facilitating investment transactions — it is not a deposit account substitute.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-016",
      "category": "Providers",
      "statement": "Eligible providers are expected to be MiFID-authorised investment firms, regulated fund managers, and equivalent EEA firms passporting into Ireland.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-017",
      "category": "Providers",
      "statement": "Transfers between providers are intended to be tax-neutral.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-018",
      "category": "Administration",
      "statement": "Providers operate the tax on behalf of the account holder, removing per-disposal self-assessment.",
      "status": "proposed",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    },
    {
      "id": "PIA-019",
      "category": "Administration",
      "statement": "Until the account exists, Irish fund and ETF gains remain taxable at 38% exit tax with deemed disposal every eight years, and deposit interest at 33% DIRT.",
      "status": "confirmed",
      "lastChanged": "2026-09-03",
      "note": "Exit tax reduced from 41% to 38% in Budget 2026.",
      "source": "Revenue Commissioners",
      "sourceUrl": "https://www.revenue.ie/"
    },
    {
      "id": "PIA-020",
      "category": "Administration",
      "statement": "Whether more than one account per person will be permitted.",
      "status": "undecided",
      "lastChanged": "2026-08-31",
      "source": "Department of Finance — Roadmap for retail investment and savings (31 Aug 2026)",
      "sourceUrl": "https://www.gov.ie/en/department-of-finance/"
    }
  ],
  "revisions": [
    {
      "version": "2026.09.2",
      "date": "2026-09-03",
      "summary": "Exit tax baseline corrected to 38% following Budget 2026.",
      "changes": [
        "PIA-019 updated: fund and ETF exit tax is now 38%, reduced from 41% in Budget 2026.",
        "PIA-009 wording updated to reference the 38% rate."
      ]
    },
    {
      "version": "2026.09.1",
      "date": "2026-09-03",
      "summary": "Ledger established from the Department of Finance roadmap.",
      "changes": [
        "Created 20 entries covering timeline, taxation, contributions, eligible assets, providers and administration.",
        "Recorded the current 38% exit tax / 33% DIRT position as the confirmed baseline (PIA-019)."
      ]
    }
  ]
}