Annual flat-rate tax among principles for savings scheme

Simon Harris outlines new savings scheme to encourage Irish households to invest

Minister for Finance Simon Harris to outline scheme at Central Bank event on Tuesday

Simon Harris will outline details of major savings and investing plan later today

The Tánaiste is aiming to see the scheme introduced in the Budget later this year.

Annual flat-rate tax among principles for savings scheme

An annual flat-rate tax is among the guiding principles for the planned State-backed savings scheme that is expected to be introduced in the next budget.

Government savings scheme will have single flat tax rate

A new state savings account set to be launched by government next year will be subject to a single flat rate of tax, Tánaiste and Minister for Finance Simon Harris has said. Speaking at the annual Savings and Investment Forum on Tuesday, Harris said the current tax system around savings is too complex and that simplicity would be a key component of the new account. Harris hopes that the move will encourage savers, who currently have a combined €…