08/10/2026
๐๐ฎ๐๐ ๐๐ญ ๐๐๐๐: ๐๐ก๐๐ญ ๐๐ญ ๐๐๐๐ง๐ฌ ๐๐จ๐ซ ๐๐๐ฌ
Budget 2027 introduces several changes relevant to GPs, particularly those managing a combination of practice income, pensions, investments and family wealth.
Some of the key changes include:
๐๐ก๐๐ง๐ ๐๐ฌ ๐๐ซ๐จ๐ฆ ๐ ๐๐๐ญ๐จ๐๐๐ซ ๐๐๐๐
- Capital Gains Tax - reduces from 33% to 31% for disposals from 7 October 2026
๐๐ก๐๐ง๐ ๐๐ฌ ๐๐ซ๐จ๐ฆ ๐ ๐๐๐ง ๐๐๐๐
- The standard-rate cut off point - increases by โฌ2,500 to โฌ46,500
- Pensions โ Standard Fund Threshold โ increases from โฌ2.2m to โฌ2.4m
The Budget also confirms the introduction of a new Investment Account from 1 July 2027. Individuals will be able to invest up to โฌ12,000 each year, with no CGT, exit tax or eight-year deemed disposal within the account. A 1% annual tax will instead apply to account values above โฌ50,000.
For GPs, it is important to consider these changes alongside GMS pension benefits, PRSA AVCs and personal pension contributions rather than looking at each area in isolation.
Budget time is therefore a useful opportunity to review your overall position and ensure your pension, investments and longer-term plans remain properly coordinated.
Schedule a free consultation at +353 1 293 8554
๐๐ถ๐ฅ๐จ๐ฆ๐ต ๐ฎ๐ฆ๐ข๐ด๐ถ๐ณ๐ฆ๐ด ๐ณ๐ฆ๐ฎ๐ข๐ช๐ฏ ๐ด๐ถ๐ฃ๐ซ๐ฆ๐ค๐ต ๐ต๐ฐ ๐๐ช๐ฏ๐ข๐ฏ๐ค๐ฆ (๐๐ฐ. 2) ๐๐ช๐ญ๐ญ 2026 ๐ข๐ฏ๐ฅ ๐ด๐ถ๐ฃ๐ด๐ฆ๐ฒ๐ถ๐ฆ๐ฏ๐ต ๐จ๐ถ๐ช๐ฅ๐ข๐ฏ๐ค๐ฆ. ๐๐ฆ๐ง๐ฆ๐ณ๐ฆ๐ฏ๐ค๐ฆ: ๐ก๐ถ๐ณ๐ช๐ค๐ฉ, ๐๐ถ๐ฅ๐จ๐ฆ๐ต 2027 โ ๐๐ฆ๐บ ๐๐ฑ๐ฅ๐ข๐ต๐ฆ๐ด ๐ง๐ฐ๐ณ ๐๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐๐ณ๐ฐ๐ฌ๐ฆ๐ณ๐ด, 6 ๐๐ค๐ต๐ฐ๐ฃ๐ฆ๐ณ 2026.
๐๐๐ ๐๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐๐ต๐ฅ ๐/๐ ๐๐ฎ๐ฆ๐จ๐ข ๐๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐๐ข๐ฏ๐ข๐จ๐ฆ๐ฎ๐ฆ๐ฏ๐ต, ๐ณ๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ฃ๐บ ๐ต๐ฉ๐ฆ ๐๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ ๐๐ข๐ฏ๐ฌ ๐ฐ๐ง ๐๐ณ๐ฆ๐ญ๐ข๐ฏ๐ฅ.