State-backed investment account could be made available to children in future - Homepage - Roscommon Herald

Plans being prepared by Ireland’s Department of Finance could introduce a state-backed investment account for children in the future, following a rollout of a similar savings and investment scheme for over-18s. Tánaiste and Minister for Finance Simon Harris will publish details this week as part of broader efforts to move savings into market investments. The proposal cites about €170 billion sitting in Irish bank accounts and notes that Irish households hold only 2.3% of financial assets in direct investments versus roughly 7.5% across the EU average. The over-18 account would be available to Irish tax residents with a PPSN, permit one account per person, use a tax-free threshold with a low flat annual tax above it, and include eligible assets such as listed shares and ETFs.