New Tax- 1% on Investment Savings

ask73

Registered User
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36
I signed up to a PIP with AIB 3 years ago- an off shoot of the SSIA schemes where you save for 5 years and get a bonus after year 5. The fund is down some 17% currently but I noticed my next months standing order is 1% higher. I thought this was the bank being industrious but on inquiring it is a new tax introduced in the last budget on savings. Any info on this?
 
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