Pre-launch profile
PTSB PIA: fees, terms and review
PTSB's position: Stated plan. No verdict until PTSB publishes full terms — this page tracks what has been said and what is still missing.
Updated 13 October 2026
Stated launch: 1 July 2027
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Based on the date PTSB has stated. The actual launch may differ: the Finance Bill lets the Minister set the start date by order, and it could be as early as 1 January 2027 or later than planned. We will make our best effort to update this page promptly.
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What PTSB has said
PTSB has published a product page for the Personal Investment Account. In summary, it says:
- PTSB says it will offer the Personal Investment Account from 1 July 2027.
- Open to Irish tax residents aged 18 or over with a PPSN; one account per person, in a single name only.
- Contributions up to €12,000 a year from post-tax income; unused allowance does not roll over.
- No PIA tax up to €50,000; 1% applies to the excess, based on the average value of the account during the tax period.
- PTSB says you will not need to register with Revenue or file a tax return for the PIA.
- No minimum term; withdrawals at any time.
- PTSB's FAQ says direct transfers of existing investments are not permitted — holdings would need to be sold (under normal tax rules) and the cash reinvested within the €12,000 yearly limit. This is PTSB's reading ahead of the final law.
Source: PTSB — Personal Investment Account (PIA) page, information correct as on 6 October 2026
Stated plan: The firm has publicly stated it plans to offer the account; this does not mean applications are open or terms are published.
Authorisation: Credit institution and MiFID firm, Central Bank of Ireland
Existing investments and the PIA
Short answer: they stay separate. The Finance Bill lets only new cash into a PIA. Your existing investments, with PTSB or anywhere else, cannot be moved into it as they are.
Outside the PIA
Your existing investments
- ✕ Can't be moved in as they are
- • Keep their current tax rules
- • Keep their own charges and terms
Inside the PIA
New cash only
- ✓ Money paid in, then invested (s.747L(2)(c))
- ✓ Up to €12,000 a calendar year (s.747H(1))
- ✓ Moves as is only from another PIA (s.747W)
What if…
- I want my existing investments in a PIA? You would have to sell them and pay the money in, within the €12,000 yearly limit. Selling can trigger exit tax on funds and ETFs, or CGT on shares.
- I keep my existing plan? Nothing changes for it under section 26. It carries on under its current rules alongside any PIA.
- I open a PIA elsewhere and later switch to PTSB? A PIA-to-PIA transfer is allowed, if PTSB offers a PIA and accepts transfers in.
Not advice: whether to keep or cash in an existing plan depends on your gains, charges and plans. In the Finance Bill, not yet law. See moving existing investments into a PIA.
What is still unconfirmed
- Whether the account will be run in the PTSB app or provided through a partner such as Irish Life, which manages PTSB's existing investment products.
- Whether customers can choose their own ETFs or shares, or only ready-made funds.
- Fees and any minimum investment.
A stated launch date is a plan, not an account open to customers. The scheme is in the Finance Bill, not yet law.
Fees and total yearly cost
| Provider / platform fee | Not published yet |
|---|---|
| Fixed account fee | Not published yet |
| Fund ongoing charge | Not published yet |
| Adviser or broker commission | Not published yet |
| Dealing and FX fees | Not published yet |
| Entry, exit and switching charges | Not published yet |
The PIA tax itself — 1% of value above €50,000, nothing up to that amount — is the same at every provider and is shown separately on the cost comparison.
What to check when terms arrive
- Every yearly charge added together, not just the headline platform fee.
- Whether advice or commission is built in, and whether you can opt out.
- Fund charges on the funds you'd actually hold.
- Exit and transfer charges if you later move provider.
In the Finance Bill, not yet law
Common questions
What fees will PTSB charge on its PIA?
Unconfirmed. PTSB has not published PIA fees. We will add each cost line, with its source, as soon as it does.
Can I move existing PTSB investments into a PIA?
No, not as they are. Under section 26 of the Finance (No. 2) Bill 2026, only cash can be paid into a PIA (s.747L(2)(c)), and investments can only move across as they are from another PIA (s.747W). Holdings outside the account would have to be sold first (with any tax due) and paid in as cash, up to €12,000 a calendar year. In the Finance Bill, not yet law.
What will I be able to invest in through PTSB's PIA?
Unconfirmed. Budget 2027 said shares, bonds, ETFs and other funds may be held, but each provider's range is not yet known.
How is the PIA tax handled with PTSB?
Under the Finance Bill, providers deduct the 1% charge on value above €50,000 — accounts up to €50,000 pay no PIA tax. Not yet law.
Next: PIA calculator · how fees compound · provider tracker
Run your own numbers
Compare a Personal Investment Account against a deposit account and a standard fund over 10, 20 or 30 years — with real Irish rates.
Open the PIA calculatorInformation only, not financial or tax advice. PIA rules are as written in the Finance (No. 2) Bill 2026, published 19 October 2026, and are not law until the Bill is signed. Figures cited are from the Department of Finance roadmap, Revenue, Skatteverket, GOV.UK and the IRS.