Independent Irish tracker · In the Finance Bill · Planned for 1 July 2027
Ireland’s Personal Investment Account, explained as the rules develop.
PIA·IE separates what is confirmed, proposed and still unknown — then shows how the account could affect Irish savers and investors.
The Finance (No. 2) Bill 2026 sets out the PIA’s rules in section 26. The Bill is not yet law; the planned launch is 1 July 2027.
Now in the Finance Bill
The PIA’s numbers are in the Bill.
The first €50,000 of average account value is free of PIA tax. A 1% annual tax applies above it, and contributions are capped at €12,000 a calendar year with no minimum.
Read the Budget decoderThe tax change in the Bill
Tax on account value, not each sale.
Inside the PIA, CGT, dividend withholding tax, exit tax, investment-undertaking tax and deemed disposal would not apply. Instead, a 1% annual tax would apply only to account value above €50,000.
That is simpler, but not wholly tax-free: only the first €50,000 is below the PIA charge. The rules are in the Bill but not yet law.
- PIA tax rate
- 1%
- Tax-free threshold
- €50,000
on account value above €50,000 — no PIA tax up to that amount
within the €12,000 annual contribution limit
Live rules ledger · reviewed 2026-10-20
One record for every PIA rule.
Each entry has a stable ID, status, change date and primary source. Corrections remain visible in the revision history, and the whole ledger is published as open data at /api/public/pia-rules under CC BY 4.0.
20
In the Bill
1
Law today
2
Proposed
1
Undecided
1
Excluded
Provider comparison
What we will compare when terms are real.
AIB, Bank of Ireland, PTSB, Irish Life, Zurich, Trading 212 and Revolut plan to offer a PIA. None has published complete terms. We will not fill that gap with invented fees or rankings.
Account comparison directory — currently empty until full terms are published.
Total cost
Every account, platform, dealing and fund charge.
Minimums
Opening amount, monthly contribution and trade size.
Investment choice
Shares, bonds, funds and ETFs actually available.
Service & transfers
Support, tax reporting and the cost of moving.
Test the rules in the Bill
Model the PIA against other routes.
Compare deposits, a standard fund and a PIA using the Bill’s 1% rate and €50,000 threshold. You can still vary assumptions.
Irish households kept saving through Q2 2026: the seasonally adjusted household saving rate rose from 19.1% to 19.9% (CSO, 11 September 2026).
Illustrative only. Investments can fall as well as rise, and past performance is not a guide to future results.
Behind PIA
Research by David Granahan.
David is a Pension Consultant and financial writer with experience at Allianz, Chill, MyWallSt and CPAS. PIA·IE records its sources, dates material changes and separates evidence from analysis.
David is employed by CPAS. PIA·IE is independent of CPAS and nothing here is written on its behalf.
About David and PIA·IEPIA·IE in the press
We will list media appearances here as they happen, with links. For journalists: key facts, timeline and reuse rights are on our press page.
Is the Personal Investment Account confirmed?
Its rules are now written into section 26 of the Finance (No. 2) Bill 2026, published on 19 October 2026, where it is called the individual investment account. The Bill is not yet law, and the planned launch date is 1 July 2027.
How is the PIA expected to be taxed?
Under the Bill, 1% a year on the average daily account value above €50,000. Providers calculate it, take it from the account and pay it to Revenue.
Will deemed disposal apply inside a PIA?
The Finance Bill says no. The eight-year deemed disposal rule would not apply to eligible investments held inside the account. Existing holdings outside it remain under current rules.
Which firms will offer a PIA?
AIB, Bank of Ireland, PTSB, Irish Life and Zurich have each said they plan to offer one, Trading 212 says it intends to participate and Revolut has reaffirmed its plan to launch one. No firm has published complete terms yet.
Stay current
Know when a material PIA rule changes.
We will email when Budget 2027 settles key rules, when launch timing is confirmed and when providers publish terms.