Pre-launch profile
Revolut PIA: fees, terms and review
Revolut's position: Stated plan. No verdict until Revolut publishes full terms — this page tracks what has been said and what is still missing.
Updated 8 October 2026
What Revolut has said
Revolut told the Business Post (October 2026, after Budget 2027): "We wish to reaffirm our intention to launch an Irish investment account for our customers next year and welcome the additional clarity provided in the budget." This follows its 4 September comment that Irish tax administration would add complexity. No fees, minimums or opening date published.
Source: Business Post — 'Ireland's new savings and investment account: everything you need to know'
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: Revolut Bank UAB (Lithuania), passporting into Ireland; brokerage services passported
What to expect on investment choice
Revolut has not published its PIA investment range. Firms usually build from what they already sell, so our working expectation is that it will reflect its existing investing features: individual shares, ETFs, money market funds and a Robo-Advisor that builds diversified portfolios.
- Revolut's app already covers several investing routes in one place: individual shares, ETFs, money market funds and ready-made Robo-Advisor portfolios. On its current features it is a good all-rounder rather than a specialist account.
- If those features carry into a PIA, it would suit someone who wants to manage the account themselves. Whether money market funds are eligible inside a PIA is still an open question.
- Fees today vary by plan (Standard to Ultra), with trade allowances and FX charges. PIA pricing is not published.
Individual shares: likely
Revolut already offers individual shares and ETFs, so both are likely in its PIA. It has not confirmed the range.
Advice or DIY
No adviser-led route expected. The Robo-Advisor is automated portfolio management, not personal advice from a person.
Existing range: Revolut — Invest. This section is PIA·IE's reading of Revolut's current offering, not a statement from Revolut. We will replace it with published PIA terms when they appear.
Existing investments and the PIA
Short answer: they stay separate. The Finance Bill lets only new cash into a PIA. Your existing investments, with Revolut 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 Revolut? A PIA-to-PIA transfer is allowed, if Revolut 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.
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
Can I buy individual shares in a Revolut PIA?
Revolut already offers individual shares and ETFs, so both are likely in its PIA. It has not confirmed the range.
Will Revolut's PIA be advised or DIY?
No adviser-led route expected. The Robo-Advisor is automated portfolio management, not personal advice from a person. Not yet confirmed by Revolut for the PIA.
What fees will Revolut charge on its PIA?
Unconfirmed. Revolut has not published PIA fees. We will add each cost line, with its source, as soon as it does.
Can I move existing Revolut 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 Revolut'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 Revolut?
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.