Ireland's tax-advantaged savings accounts exclude cryptocurrencies.
2026.08.31 19:34:09
Cryptocurrencies will not be included in the tax-advantaged savings accounts Ireland plans to roll out for every adult nationwide. Ireland’s Tánaiste and Minister for Finance Simon Harris released a video outlining the plan’s framework, stating he hopes these accounts “will truly play a role in strengthening personal economic resilience.” Account holders will be able to hold stocks, bonds, mutual funds, exchange-traded funds (ETFs), and insurance products. Crypto assets are excluded, as are derivatives and interest-bearing cash. Every Irish tax resident aged 18 and above is eligible to open such an account. Contributions within the tax-free allowance will be fully exempt from tax, while amounts exceeding the limit will be taxed at a low flat annual rate. The plan has no minimum contribution requirement or minimum lock-up period, though an annual contribution cap will be set. The exact tax-free allowance and tax rate will be announced on Budget Day, October 6, with the accounts expected to open next year.
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