According to Bloomberg, Ireland has announced a new national supported savings account plan, which is expected to be launched at the beginning of next year. Investment income in the account will be tax-free within a certain amount, and any excess will be subject to a lower unified tax rate. The specific threshold and tax rate will be announced in the budget on October 6th. This account allows investment in listed stocks, bonds, and ETFs, but does not allow derivatives or cryptocurrency assets. The government announced that such accounts are not subject to the current 38% deemed disposal tax on investment fund products and is considering adjusting the deemed disposal mechanism for other investment products. This plan is part of the EU's push for depositors to redirect a portion of their approximately 11 trillion euros (12.8 trillion US dollars) in bank accounts towards investment.