Zurich PIA: fees, terms and review

Zurich's 6 October 2026 guide states: 'Zurich intends to make its Investment Account available from the launch date, allowing customers to access the scheme from day one.' The guide also restates the scheme's announced mechanics: €12,000 annual allowance, €50,000 tax-free threshold with 1% applying only above it, single-life plans, and no 1% insurance levy or deemed disposal inside the account. No fees, minimums or fund range have been published.

Source: Zurich Ireland — A guide to Ireland's new Investment Account (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: Authorised insurance undertaking, Central Bank of Ireland

Zurich has not published its PIA fund range. Life companies usually build new products from what they already run, so our working expectation is that it will mirror Zurich Life's existing unit-linked funds, such as its Prisma multi-asset range and other managed and indexed funds.

• The fund choice is likely to look similar to what Zurich already offers in its savings and investment plans.
• Charges are likely to follow a fund-based model (an annual management charge on each fund) rather than per-trade dealing fees.
• Zurich typically sells through financial brokers and advisers, so an advised route is likely; whether there will be a direct, execution-only option is not known.

This section is PIA·IE's reading of how life companies normally operate, not a statement from Zurich. We will replace it with Zurich's published terms when they appear.

Short answer: they stay separate. The Finance Bill lets only new cash into a PIA. Your existing Zurich policies, funds and pensions cannot be moved into it as they are.

What if…

• I want my existing Zurich money in a PIA? You would have to cash in the policy and pay the money in, within the €12,000 yearly limit. Cashing in can trigger exit tax on any gain and early-exit charges under your policy's terms.
• I keep my existing plan? Nothing changes for it under section 26. It carries on under its current rules alongside any PIA.
• My pension is with Zurich? Pensions are a separate regime and are not part of the PIA rules.
• I open a PIA elsewhere and later switch to Zurich? A PIA-to-PIA transfer is allowed, if Zurich 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.

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.

• 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.