An annual charge on the value of the fund – regardless of performance – introduces a subtle but important shift. Under an annual charge model, tax is paid regardless. For the wealthy, an annual charge on assets begins to resemble something else entirely – a form of wealth tax, albeit introduced by another name. The UK’s Individual Savings Account – the ISA – is about as straightforward as it gets. Which is why it is difficult to understand why the Republic would not adopt a similar approach.

Source: The Irish Times April 06, 2026 05:54 UTC