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ETF exit tax calculator

Budget 2027 rates

Irish and EU funds and ETFs pay exit tax of 38% on gains, 35% from 1 January 2027 (announced), with a deemed disposal every 8 years. Compare what you keep with shares, a deposit account and the new Investment Account.

More options
ETF after exit tax 
What you keep if you cash in at the end
OptionAfter tax
Tax and charges paid

The Investment Account was announced in Budget 2027 and opens on 1 July 2027. Its terms may change. The comparison treats it as open from the start.

Year by year
YearPaid inETFSharesDepositAccount

Value after tax if cashed in at the end of each year.

This is an estimate for general information, based on the rates and rules described on this page. It is not financial, tax or legal advice and does not take account of your full circumstances. Check your own position with Revenue or a qualified financial adviser before making a decision. Terms of use.

Illustration for the etf exit tax calculator

How the comparison works

Each option gets the same money: the lump sum in the first month and the monthly contribution at the start of every month. Growth is a steady rate a year, compounded monthly. Each option is cashed in at the end.

  • ETF or fund (exit tax). Every 8 years after each contribution, the gain on it is taxed at the exit tax rate as a deemed disposal. We take that tax from the fund, as if units were sold to pay it, and the cost of that holding resets to its value after tax. At the end, exit tax is due on the gain since the last deemed disposal. Exit tax is 38% to 31 December 2026 and 35% from 1 January 2027 (announced).
  • Shares (CGT). No tax until you sell. Then CGT at 31% on the gain above the €1,270 annual exemption. Dividends are ignored, though in practice they are taxed as income each year.
  • Deposit (DIRT). Interest at the deposit rate, with DIRT of 33% taken as it is paid.
  • Investment Account (announced). No tax on growth or withdrawals. A charge of 1% a year on the value above €50,000, taken monthly. Contributions above €12,000 in a calendar year are modelled as going into an ETF instead.

Example. €10,000 now and €200 a month for 20 years at 6% growth, starting January 2027. You pay in €58,000. After tax you keep about €96,534 in an ETF (including €13,711 of deemed disposal tax along the way), €103,382 in shares, €68,044 on deposit at 2%, and €119,016 in the Investment Account.

Not included: fund and platform charges beyond what is in the growth rate, dividends, inflation, and the effect of selling units to pay deemed disposal tax being itself a disposal. Real returns go up and down; a steady rate is only a guide.

Sources

Rates last checked 10 October 2026. Every figure is listed on rates and sources.

Figures marked as announced come from Budget 2027 and are not law until the Finance Act 2026 is signed.

Questions

What is exit tax on ETFs in Ireland?
Gains on Irish-domiciled funds and ETFs, and equivalent EU funds, are taxed at 38% up to 31 December 2026. Budget 2027 announced a cut to 35% from 1 January 2027; it is not law until the Finance Act 2026 is signed.
What is deemed disposal?
Every 8 years after you buy, you are taxed as if you had sold and bought back the holding, even if you sold nothing. The tax is worked out on the gain to that date. When you later sell, the tax already paid is credited against the final bill, so you are not taxed twice on the same gain.
Can I offset ETF losses against gains?
No. A loss on a fund under exit tax cannot be set against gains on other funds, shares or property, and a loss on shares cannot be set against fund gains.
Why are shares taxed differently?
Individual shares, and most non-EU funds that are not equivalent to Irish funds, are under capital gains tax at 31% from 7 October 2026. There is no deemed disposal, you get the €1,270 annual exemption, and losses can be used. See the capital gains tax calculator.
What is the new Investment Account?
Budget 2027 announced an Investment Account opening on 1 July 2027. As announced, you can pay in up to €12,000 a year, there is no CGT, exit tax or deemed disposal inside the account, and instead there is a flat charge of 1% a year on the account value above €50,000. The details may change before it opens.
How is deposit interest taxed?
Banks take DIRT of 33% from interest as it is paid. You keep the rest and there is nothing more to pay for most savers.

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