Written answers

Thursday, 14 January 2016

Department of Finance

Banking Operations

Photo of Terence FlanaganTerence 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]

Photo of Michael NoonanMichael 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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