Written answers
Thursday, 14 January 2016
Department of Finance
Banking Operations
Terence Flanagan (Dublin North East, Renua Ireland)
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28. To ask the Minister for Finance if there are any plans to introduce individual savings accounts, similar to those in the United Kingdom; and if he will make a statement on the matter. [1271/16]
Michael Noonan (Limerick City, Fine Gael)
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While all taxation measures are kept under review, there are no immediate plans to introduce a scheme similar to the UK's Individual Savings Account (ISA) scheme in Ireland.
However, the National Treasury Management Agency, through An Post, offers a number of State Savings products, including Savings Bonds and Savings Certificates, which are tax free, subject to certain conditions.
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