Budget 2027: What It Means for Medical Consultants

Budget 2027 includes several changes that may be particularly relevant to medical consultants with significant pension benefits, private investments or a combination of HSE and private-practice income.

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 Standard Fund Threshold increases from €2.2 million to €2.4 million from 1 January 2027, with further increases scheduled in subsequent years. Budget 2027 also confirms that the Finance (No. 2) bill 2026 will revise age related valuation factors for Defined Benefit pensions when calculating benefits for SFT purposes from 1 January 2027.

For consultants with HSE pension benefits alongside PRSAs, AVCs or other private pension arrangements, these changes could have a meaningful impact on long-term pension planning. The new Investment Account, launching from 1 July 2027, may also provide another tax-efficient option for building investments outside your pension. We can review how your HSE pension, private pension contributions, investments and wider financial plans work together.

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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