Ireland's New Savings Account: A Wealth Booster
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Irelands Finance Minister, Simon Harris, unveils a new savings and investment account to encourage citizens to move their €170 billion from low-yield deposits into smarter investments. The plan involves a flat annual tax on assets above a tax-free cap, aiming to boost investment in stocks and bonds, which currently stand at just 2.3% of disposable income. Central Bank Governor Gabriel Makhlouf supports the initiative, emphasizing the need for financial education and robust consumer protections.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/d5bbc65040b56aff