How are savings, funds and shares taxed differently?

Savings interest pays 33% tax, taken by the bank. Funds pay exit tax on gains (38% in 2026, 35% from 2027), when you sell and every 8 years. Shares pay 31% capital gains tax after €1,270 a year, and dividends are taxed as income.

Deposits are protected up to €100,000 per person per institution under the Deposit Guarantee Scheme. Funds and shares can fall in value; a diversified fund spreads that risk more than a few shares.

Investing

Savings account, ETF or shares?

Put the same money in a savings account, a fund and shares, and see what each leaves you after the tax on each.

Self-assessment tool. The figures come from your own answers. It isn't advice, and you're responsible for what you file or claim. heypenny.ie is a trading name of Kinch Press. Read the disclaimer.

Common questions

How are savings, funds and shares taxed differently?: Savings interest pays 33% tax, taken by the bank. Funds pay exit tax on gains (38% in 2026, 35% from 2027), when you sell and every 8 years. Shares pay 31% capital gains tax after €1,270 a year, and dividends are taxed as income.
Which is safest?: Deposits are protected up to €100,000 per person per institution under the Deposit Guarantee Scheme. Funds and shares can fall in value; a diversified fund spreads that risk more than a few shares.

Loading the calculator…