Deposit Interest
Who is exempt from DIRT?
You can receive interest without paying Deposit Interest Retention Tax (DIRT) in certain conditions. To do this, you must complete a declaration form stating that you, your spouse or civil partner, are:
- 65 years of age or over when making the declaration. Your total income for the year, including the interest, must be below the annual exemption limit
- permanently incapacitated due to a physical or mental disability
- or
- in receipt of a general payment and work-related payment, if applicable, under the Mother and Baby Institutions Payment Scheme (MBIPS).
If you are a trustee of a special trust for permanently incapacitated individuals, you can apply for an exemption from DIRT. You must be the holder of this account. The trust must meet the following conditions:
- It is set up only for the benefit of one or more permanently incapacitated persons.
- The funds of the trust are from subscriptions given by the general public.
- The specified incapacitated person(s) must own the funds in the account.
DIRT is not charged on interest from the accounts of:
Forms to complete
If you are over 65 years of age, complete a Form DE1 and send it to your financial institution.
If you are permanently incapacitated, complete a Form DE2 and send it to your Revenue Office. We will tell your financial institution that you are exempt from paying DIRT.
If you are in receipt of a general payment or applicable work related payment, under the MBIPS, complete a Form DE3. You should send the Form DE3 to your Revenue Office. We will tell your financial institution that you are exempt from paying DIRT.
If you are a Pan-European Personal Pension Product Provider, complete a Pan European Personal Pension Product Declaration.
You will need a separate form for each account you hold.
Next: Changes to the status of DIRT-free accounts