Saturday July 4, 2020

Savers likely to be hit again for Dirt

Savers could be down about €1 for every €1,000 of savings they have if an anticipated increase in tax on deposit interest is included in Tuesday's budget. Deposit Interest Retention Tax (Dirt), whi

4th December, 2011

Savers could be down about €1 for every €1,000 of savings they have if an anticipated increase in tax on deposit interest is included in Tuesday's budget.

Deposit Interest Retention Tax (Dirt), which is applied to the interest earned on savings, looks likely to be one of the taxes hit in finance minister Michael Noonan's first budget this week.

The government has previously flagged that it does not intend to make significant changes to income...

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