Calculator
Irish savings vs the Personal Investment Account.
Real Irish deposit rates, 33% DIRT, the 41% exit tax and the eight-year deemed disposal rule — modelled side by side against the PIA arriving in 2027.
Deposit-rate account, DIRT usually self-declared.
After 20 years, after tax
You contribute
€81,700
PIA value, net of tax
€146,403
+€51,249 more than leaving it on deposit
+€22,049 more than a standard fund account
Where the tax goes.
Deposit account — Trade Republic
€95,154
2.00% AER, 33% DIRT on interest
tax €6,627
Standard ETF / fund account
€124,354
41% exit tax plus deemed disposal every 8 years
tax €29,641
Personal Investment Account
€146,403
No deemed disposal, 20% flat tax on gains at withdrawal
tax €16,176
Irish deposit rates used here.
Indicative gross AER, reviewed mid-2026. DIRT of 33% applies to interest, so a 2.00% headline rate is roughly 1.34% in your hand.
AIB · Demand Deposit
Where most Irish current-account overflow actually sits.
0.10%
0.07% after DIRT
Bank of Ireland · SuperSaver
Bonus rate for the first 12 months, capped monthly amount.
1.50%
1.00% after DIRT
PTSB · Online Regular Saver
Regular saver, monthly contribution limits apply.
1.50%
1.00% after DIRT
Trade Republic · Instant access
Deposit-rate account, DIRT usually self-declared.
2.00%
1.34% after DIRT
Raisin (EU banks) · 12-month fixed term
Money locked for the term; foreign-bank interest is self-assessed.
2.25%
1.51% after DIRT
How the maths works.
- Deposit: interest compounds monthly at the selected rate, with 33% DIRT deducted as it is credited. No capital growth.
- Standard fund account: the same market return, minus a 0.25% platform fee, with 41% exit tax charged on the gain every eight years (deemed disposal, paid out of the fund) and again on the remaining gain at the end.
- PIA: the same market return and fee, no tax events while invested, and a single flat rate applied to total gains on withdrawal. The final rate is not legislated yet, so the slider lets you test it.
Projections are illustrative, in nominal terms, and assume a constant return with no withdrawals along the way. Real markets do not move in straight lines. This is general information, not investment or tax advice. Capital at risk.
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