Ireland is preparing to exclude cryptocurrencies from new tax-advantaged personal investment accounts, which are scheduled to launch in 2027. The accounts will allow savers to invest in listed stocks, bonds and exchange-traded funds (ETFs), but crypto and derivatives will not qualify.
The Irish government is designing the accounts to encourage households to move more of their savings into investments. The tax rate, investment threshold and annual contribution limit are expected to be announced in the October 2027 Budget.
The new accounts will offer tax advantages to investors. No tax will be charged below a threshold that has not yet been decided, while a low flat tax rate will apply annually to the average value above that threshold.
The decision to keep crypto outside the scheme follows guidance from the European Commission issued in September 2025. The guidance encouraged EU countries to exclude highly risky and complex products, including cryptocurrencies and derivatives, from savings and investment accounts.
Eligible assets in Ireland are expected to include listed shares and bonds, securities traded on regulated markets, retail investment funds and ETFs. Some insurance-based investment products will also qualify.
The accounts will also provide an important tax benefit. Ireland’s existing deemed-disposal regime, which can treat certain investments as being sold every eight years and currently taxes unrealised gains at 38%, will not apply to investments held through these accounts. Instead, investment providers will calculate and pay any tax owed directly to Ireland’s Revenue Commissioners on behalf of investors.
LATEST: 🇮🇪 Ireland will bar crypto from its new state savings scheme, letting savers hold shares, bonds, funds, ETFs and insurance products instead. pic.twitter.com/H1nvmjVUXf
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There will be no minimum contribution or mandatory holding period. Investors will also be able to move their accounts between providers without creating an immediate tax liability.
The move comes as Ireland tries to encourage households to put more money into investments rather than keeping it in cash and bank deposits. According to research from the Central Bank of Ireland, Irish households hold about 38% of their financial assets in cash and deposits, compared with an EU average of 30%.
For crypto investors, however, the new framework means digital assets will remain outside one of Ireland’s most attractive new investment vehicles. The decision reflects the European regulatory preference for keeping high-risk crypto products separate from tax-supported mainstream savings.
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