Personal Investment Account FAQ

The PIA is Ireland’s planned investment account, set out in section 26 of the Finance (No. 2) Bill 2026 and planned to open on 1 July 2027. It is intended to hold shares, bonds, funds and ETFs under one simpler tax system.

Yes. The same proposed account is called the Personal Investment Account in some government and media coverage and the Savings and Investment Account, or SIA, in others. There is one scheme, not two.

Yes. Irish Investment Account is the name Simon Harris used in his Budget 2027 speech on 6 October 2026 for the same account. The Finance (No. 2) Bill 2026 gives it the legal name individual investment account.

Under the Finance Bill, Irish-resident individuals aged 18 and over with a PPS number, with one account per person in their sole name. The Bill is not yet law.

Not confirmed. In July 2026 An Post tendered for a partner to build and service a retail investment product under the An Post Money brand, and the Business Post has reported it as a partner search for new investment accounts. The tender does not mention the PIA, and no partner, terms or launch date have been announced.

Not yet. The rules are in section 26 of the Finance (No. 2) Bill 2026, published on 19 October 2026. They become law once the Bill passes the Dáil and Seanad and is signed, usually in December, and can be amended before then.

Under the Bill, the account is valued every day. No PIA tax is due if the average value for the calendar year is €50,000 or less; above that, 1% of the excess is charged. Providers calculate it, take it from the account and pay Revenue.

Not inside a PIA. Outside it, the eight-year deemed-disposal rule remains, and the Bill cuts exit tax from 38% to 35% from 1 January 2027.

The planned launch date is 1 July 2027. The Bill allows accounts from 1 January 2027 at the earliest, with the start date set by ministerial order, and each provider must register with Revenue first.

AIB, Bank of Ireland, PTSB, Irish Life and Zurich have each said they plan to offer a PIA, and Trading 212's Irish CEO says it intends to participate, and Revolut has reaffirmed its intention to launch an Irish investment account next year. None has published full terms; our provider tracker records their sourced statements, while the comparison directory waits for real products.

Not as they are. Under the Bill, money paid in is used to buy investments inside the account (s.747L(2)(c)), and investments can only be moved as they are between two PIA providers (s.747W). Existing holdings would have to be sold first, which may trigger tax, and the cash paid in within the €12,000 limit.

No. Under the Bill each account is held in one person's sole name (s.747L(2)(a)), and the opening declaration confirms it cannot be held jointly. A couple can each open their own, each with a €50,000 threshold and €12,000 yearly limit.

Not under the Bill as drafted: one account at a time, with a short overlap only while it transfers to a new provider.

Under the Bill: listed shares and bonds, UCITS funds and ETFs (except personal portfolio and structured funds), and insurance-based investment products. Derivatives, crypto-assets and non-UCITS funds such as US-domiciled ETFs are not on the list.

No. The Bill bans interest on cash in the account (s.747L(2)(f)), and cash still counts towards the value the 1% charge is based on. Whether money market funds can be held instead is not yet settled.

No. PIA·IE is an independent information and comparison service. It does not provide personal investment or tax advice.