Michael Lowry (Tipperary, Independent)
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364.To ask the Minister for Finance if he will consider the introduction of individual savings accounts in Ireland, similar to those available in the UK, to encourage long-term savings, promote investment and economic growth, enhance financial inclusion and education, and support homeownership; and if he will make a statement on the matter.[35419/24]

Jack Chambers (Dublin West, Fianna Fail)
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I note the Deputy's query in relation to the taxation of individuals savings and investments and whether any changes are being considered in this regard.

Last year, on 6 April 2023, my Department published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’. The review is wide ranging and looking at a range of issues relevant to the funds sector, taking into account the recommendations in this area of the Commission on Taxation and Welfare 2022 report, Foundations for the Future.

A draft report was submitted to me for consideration during the summer, in line with the Review's Terms of Reference. The exact timing of the publication of the Funds Review report will be confirmed in due course.

As with all areas of tax policy, the taxation of savings and investments will be kept under review throughout the annual budgetary and Finance Bill process.