United States · https://decisionscalc.com/tools/ireland-savings-investment-calculator/
Where should my money go? Ireland, after tax
The same money in five homes: State Savings, a bank deposit, an ETF, shares and a pension. Each one is taxed differently in Ireland. See what is actually left for you after DIRT, exit tax, CGT and pension tax, with rates read on the official pages.
Most left for you
Each home, in detail
| Home | Before tax | Tax | Left for you | Access |
|---|---|---|---|---|
| State Savings10-year National Solidarity Bond at 2.66% AER, tax-free (rates for new issues from 30 August 2026) | €13,002 | €0 | €13,002 | Fixed term; State-guaranteed |
| Bank deposit2.50% AER less 33% DIRT | €12,801 | €994 | €11,807 | Instant or notice; deposit guarantee |
| ETF (Irish/EU fund)Exit tax (8-year deemed disposal paid from the fund; tax includes the growth that money would have made), 38% in 2026, 35% from 2027 | €16,289 | €2,312 | €13,976 | Sell any day; value can fall |
| Direct shares31% CGT on the gain above €1,270; assumes growth only, no dividends | €16,289 | €1,556 | €14,733 | Sell any day; value can fall |
| Pension (PRSA)€10,000 costs you that after 20% relief, so €12,500 goes in; 25% tax-free lump sum, the rest taxed at 20% income tax (USC also applies when drawn) | €20,361 | €3,054 | €17,307 | Locked until retirement (usually 60+) |
State Savings uses the longest product that fits your years (10-year 2.66%, 5-year 2.29%, 3-year 1.96%), reinvested at the same rate. The ETF pays its 8-year deemed disposal tax by selling units. The pension figure counts income tax on drawdown at your retirement rate; USC also applies, so treat it as an upper estimate. Hold ETFs for years? Track every deemed disposal date with the ETF tracker.
Frequently asked questions
Which Irish savings are tax-free?
State Savings from An Post and the NTMA: Savings Bonds, Savings Certificates, Instalment Savings and National Solidarity Bonds pay no DIRT. New issues from 30 August 2026 pay 1.96% a year (3-year bond), 2.29% (5-year certificate) and 2.66% (10-year bond). Prize Bond wins are tax-free too, but pay no interest.
How much tax do I pay on savings interest in Ireland?
Deposit interest is taxed at 33% DIRT, taken by the bank before it pays you. A 2.5% account therefore keeps about 1.68% a year.
How are ETFs taxed in Ireland?
Irish and EU funds pay exit tax instead of CGT: 38% in 2026 and 35% from 1 January 2027 (Budget 2027). Every 8 years you pay it on the gain even if you do not sell (deemed disposal), and get credit for it when you finally sell. Losses cannot be offset.
Is a pension the best place for my money?
Often, for money you will not need until retirement: relief at 20% or 40% means €1,000 of your money buys €1,250 or €1,667 of pension, and up to 25% comes back tax-free. But it is locked until retirement, and the rest is taxed as income when you draw it.
What about the new Savings and Investment Account?
Budget 2027 announced it for July 2027. We will add it the day the Finance Act sets the rules.
Related
- Irish savings and DIRT, explained · Irish investment tax after Budget 2027
- Run an Irish money blog or newsletter? Put this comparison on your site for free.
- Ireland CGT calculator · ETF deemed disposal calculator · MyFutureFund calculator
Compare two scenarios
Snapshot your current numbers, change any input, then snapshot again to see the difference side by side.
No scenarios saved yet — enter your numbers above, then click Save as A.
| Metric | Scenario A | Scenario B | Difference |
|---|