Ireland's government is leaving crypto out of its upcoming tax-advantaged savings and investment program, set to roll out in 2027. The state-backed initiative is designed to encourage long-term investing among citizens by offering tax breaks.

What's Eligible for the Program

The plan will stick to traditional assets only: stocks, bonds, mutual funds, exchange-traded funds (ETFs), and insurance products all make the cut. But crypto, derivatives, and interest-bearing cash accounts are off the table for this program.

Target: Household Cash Pile

The government wants to tap into the €175 billion ($203 billion) Irish households currently have parked in bank deposits. The goal is to shift some of that idle cash into investment vehicles that qualify for the new tax perks.

Timeline and Incentive Details

The launch is slated for 2027. Specifics on tax benefits and annual contribution caps will be announced October 6. What we do know: the list of allowed assets and participation rules is already set—digital assets, derivatives, and interest-paying cash accounts won't be part of the deal.