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Government Saving Scheme: Will a Personal Investment Account Build Wealth?

Government Saving Scheme: Will a Personal Investment Account Build Wealth?

Irish households hold billions in low‑interest deposit accounts, yet long‑term returns have often failed to keep pace with inflation. The Government’s proposed Personal Investment Account aims to make investing simpler, more accessible and more tax‑efficient – potentially helping savers build wealth rather than just savings. This article breaks down how it’s expected to work, who it may suit, and why advice still matters.