There are varying rates of tax in these investments depending on the frequency of the payment to the investor and, in the case of the foreign investments, whether the income or gains are correctly included the investor's tax return. The rates are generally at the standard rate of income tax, currently 20%, plus 3% or at the standard rate plus 6%. As an anti-avoidance measure, where the investment is held in a personal portfolio investment undertaking or personal portfolio life policy, the tax rates applied are the standard rate plus an additional 26%. Similarly, where a payment is in receipt of a foreign life policy and is not correctly included in the investor's tax return, the rate of tax that applies is at the investor's marginal rate plus an additional 23%. Each of the above rates is being increased by 2%, which is expected to yield the Exchequer an additional €5 million in 2009 and €8 million in a full year. The combined projected additional yield from this the measure and the 2% increase in deposit retention tax and tax on special savings accounts and special term accounts is expected to be €50 million in 2009 and €70 million in a full year.

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