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DIRT tax on credit union savings

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  • 09-12-2014 3:44pm
    #1
    Yorker
    Closed Accounts Posts: 164 ✭✭


    What does permanent incapacity mean in relation to DIRT tax? Has it to be physical?

    Also is there anywhere savings can be held where they are not subject to DIRT tax


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    #2
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    All the government savings schemes are DIRT exempt. Go to www.statesavings.ie for more info on what savings products are on offer.


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    #3
    Yorker
    Closed Accounts Posts: 164 ✭✭Yorker


    D3PO wrote: »
    All the government savings schemes are DIRT exempt. Go to www.statesavings.ie for more info on what savings products are on offer.
    There is DIRT on this
    http://www.statesavings.ie/products/Pages/DepositAccountPlus.aspx
    and http://www.statesavings.ie/products/Pages/OrdinaryDepositAccount.aspx


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    #4
    Anyone
    Registered Users Posts: 3,376 ✭✭✭Anyone


    Yorker wrote: »
    What does permanent incapacity mean in relation to DIRT tax? Has it to be physical?

    Also is there anywhere savings can be held where they are not subject to DIRT tax

    Phone the revenue and ask for their definition of permanently incapacitated, and what it includes, the Revenue are pretty helpful these days, they just wont volunteer information, you need to ask for it.

    As for savings subject to DIRT, well no savings are subject to DIRT, only the interest the savings earn are subject to DIRT. As far as I know, Prize Bond winnings are not taxable, but that's just really a gamble on winning something, then again, rates are so low everywhere, you wont be losing out on a huge amount of interest.


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