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:

Changes from 7 October 2026

- Capital Gains Tax - reduces from 33% to 31% for disposals from 7 October 2026

Changes from 1 Jan 2027

- The standard-rate cut off point - increases by €2,500 to €46,500

- Pensions – Standard Fund Threshold – increases from €2.2m to €2.4m

The Budget also confirms the introduction of a new Investment Account from 1 July 2027. Individuals will be able to invest up to €12,000 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 €50,000.

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.

Budget measures remain subject to Finance (No. 2) Bill 2026 and subsequent guidance.

Reference: Zurich, Budget 2027 – Key Updates for Financial Brokers, 6 October 2026.

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