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What is a Personal Investment Account?

A Personal Investment Account (PIA) is a proposed new way to invest in Ireland. You may also hear it described as a Savings and Investment Account (SIA).

The Government will introduce PIAs as a way for people to invest for longer-term goals through a single account.

PIAs are expected to launch from the 01 July 2027. 

AIB will offer a Personal Investment Account once the scheme rules have been finalised and the necessary services have been developed.

What do we know so far?

The Government plans to introduce legislation for PIAs in 2026. 

Based on the Budget 2027 announcement:

 PIAs will be available from 01 July 2027.

 They are intended to make investing easier to access.

 Anyone aged 18 or over with a PPS number can open a PIA.

 Customers could hold investments in one account.

 

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Why is the Government introducing PIAs?

The Government wants to make investing easier so people can grow their money over the longer term. 

The aim is to:

 Help people build wealth over time

 Make investing easier to understand

 Improve financial wellbeing

 Encourage long-term planning

 Support economic growth

How will a PIA work?

A PIA will provide a simple way to invest through one account.

It will be an Investment account not a savings account, that means it will carry a higher level of risk than a traditional savings or deposit account.

There will be no minimum investment amount and the maximum amount is €12,000 per year and you will be able to access the funds in your account at any time you wish.

A 1% flat tax rate will be applied to the value of the account above a €50,000 tax free threshold. Importantly, there will be no requirement for you to provide tax returns on your account. That will be done by the account provider.

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What are the benefits of a PIA?

Will AIB offer a personal investment account?

Yes.

We are preparing for the introduction of Personal Investment Accounts (PIAs) and will make it available for our customers from 01 July 2027.

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Questions and answers

Additional information

This article is for general information only and does not constitute financial, investment, tax or legal advice. Personal Investment Accounts (PIAs) are not yet available and the final scheme details have not been confirmed by the Government. You should consider your own circumstances before making any financial decisions.

The information on this page was last updated on 09 October 2026.

Regulatory information

Saol Assurance d.a.c., trading as AIB life, is a partnership between Allied Irish Banks, p.l.c. (AIB) and Great-West Lifeco to provide protection, retirement and investment solutions through AIB’s Financial Advice service. Allied Irish Banks, p.l.c has a 50% holding in Saol Assurance d.a.c from which it may financially gain or lose.

Allied Irish Banks, p.l.c. is tied to AIB life for life and pensions business.

Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.

Saol Assurance d.a.c., trading as AIB life is regulated by the Central Bank of Ireland.

WARNING: The value of your investment may go down as well as up.

 

WARNING: This product may be affected by changes in currency exchange rates.

 

WARNING: If you invest in this product, you may lose some, or all of the money you invest.

 

WARNING: The income you earn from this investment may go down as well as up.