755. Deputy Noel McCarthy asked the Tánaiste and Minister for Finance with specific reference to the deemed disposal measure, to provide an update on the development and publication of the roadmap for the taxation of retail investment as announced in Budget 2026; whether he intends to bring forward any changes to the current deemed disposal measure as part of Budget 2027; and if he will make a statement on the matter. [61859/26]

859. Deputy Emer Currie asked the Tánaiste and Minister for Finance if existing holders of investment products who are due to face a deemed disposal taxation during 2027 will be exempted or allowed to transfer their investments to a new personal investment account. [63832/26]

876. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance if provision will be made for existing investors to transfer some or all of their investments to new personal investment accounts without being subject to exit tax or other charges. [64058/26]

I propose to take Questions Nos. 755, 859 and 876 together.

Encouraging retail investment remains a key priority of mine. As the Deputy is aware, Budget 2026 included a commitment to publish a roadmap, setting out the intended approach to simplify and adapt the tax framework to encourage retail investment while retaining necessary and important anti-avoidance protections, in a proportionate manner.

The Roadmap for retail investment was published on 31 August.

A key aspect of the roadmap is the inclusion of key parameters of the proposed new investment account, acknowledging the need for industry to understand how the account is intended to operate. This information is to facilitate the design and introduction of the necessary operational systems by providers, to allow accounts to be available from 2027, with the specific details of the investment account forming part of the normal budgetary process, in October 2026. The intention is to legislate for the account in 2026 and to allow accounts to be offered from 2027.

Any further detail not announced in the roadmap will also form part of the normal budgetary process.

As outlined in the roadmap, the key features are as follows

• Taxed account, with tax applying annually at a flat low tax rate (%) to the value of the account above a tax-free threshold.

• No minimum contribution requirement.

• Maximum annual contribution limit.

• One account per person.

• Eligible investors are Irish resident individuals, aged 18 and over, who hold a PPSN.

• Providers must be qualifying providers.

• Providers will calculate, report and pay any tax due on behalf of the investor.

• Eligible investments will include listed shares, listed bonds, financial instruments traded on a regulated market and a range of investment funds suitable for retail investors, including ETFs.

• Highly complex and risky product such as derivatives and crypto assets will be excluded.

• No time limits or geographical restrictions on investments.

• Fees applied by providers are expected to be minimal and competitive by international standards

In addition to the investment accounts, the Roadmap sets out three policy levers that will be examined as part of work to consider how the challenges with the current taxation regimes for investment funds and life assurance investment products may be addressed in future budgets – the rate of taxation, the application of the deemed disposal rule and administrative simplification. As outlined in the Roadmap, measures of this nature are considered as part of the annual budgetary process and, in line with usual Budget process, there be will no commentary on individual Budget decisions or prejudging of future decisions ahead of October. Any decision has to consider the Budget ceilings agreed by Government, and the range of options across the entire tax system.