Deposit Interest Retention Tax (DIRT)

Changes to the status of DIRT-free accounts

If your circumstances change, it may affect your exemption from DIRT. These circumstances include where:

  • your total combined income exceeds the relevant exemption limit
  • your total combined income exceeds your combined tax credits
  • the person who owns the interest has changed and this new owner is not your spouse or civil partner
  • your spouse or civil partner has died and you are under 65 years of age
  • you have divorced, or dissolved a civil partnership, and you are under 65 years of age
  • your spouse or civil partner has died and you are not permanently incapacitated
  • you have divorced, or dissolved a civil partnership, and you are not permanently incapacitated
  • the deposit ceases to be an asset of the Pan-European Personal Pension Product
  • the deposit is no longer solely in respect of monies received under the Mother and Baby Institutions Payment Scheme

If any of the above circumstances change, it is your responsibility:

  • to notify the financial institution of any changes if you are over 65 years of age or a Pan-European Personal Pension Product Provider
  • and
  • to notify Revenue of any changes if you are a permanently incapacitated individual or in receipt of Mother and Baby Institutions Payment Scheme monies. 

Next: Can you claim a DIRT refund?