New savings scheme to boost returns for small investors, Simon Harris says

Proposed Personal Investment Account aims to simplify tax and improve returns for ordinary savers building modest funds over time

Simon Harris hosted the first of what is expected to be an annual Savings and Investment Forum at the Central Bank in Dublin on Tuesday. Picture: Grainne Ni Aodha/PA Wire

A new savings scheme will help “grannies, parents, and individuals” across the country who are looking to save small amounts but are not getting a return on their investment, Tánaiste Simon Harris has vowed.

The finance minister hosted the first of what is expected to be an annual Savings and Investment Forum at the Central Bank in Dublin on Tuesday, bringing together more than 300 stakeholders.