Davy has said sustained investment in housing and renewable energy is essential to support a growing workforce and to position Ireland as a leader in the green economy.
In its pre-budget submission, it urged the Government to accelerate house building to meet the need for 93,000 homes per year into the early 2030s.
It also suggests further supports for accelerated investment in renewable energy, and broader tax supports for private investment in sustainable enterprise.
Davy also highlights the need for robust retirement planning, as our population ages.
However, it states that public engagement with pensions remains low, due to complexity and a lack of public awareness.
“Our submission calls for a national effort to promote retirement planning from early working life through to drawdown,” the submission outlines.
“Simplifying the pension system and ensuring access to expert, independent advice are key to helping individuals build secure retirements.”
Davy’s submission recommends ways that households can grow their assets more sustainably.
“Irish household wealth is heavily concentrated in property and cash, with limited participation in diversified investment vehicles such as funds.
“This under-diversification not only limits long-term growth potential but also increases long-term financial vulnerability.
“We believe that a more balanced approach to wealth building – supported by aligning the tax treatment of regulated investment funds with other products – can help households grow their assets more sustainably.”
It says encouraging long-term investment through accessible, tax-efficient structures will be vital as Ireland prepares for the financial demands of an ageing society.
Davy is also recommending changes to the Capital Acquisitions Tax, including a review of thresholds, exemptions and aggregation rules.
“As families plan for the future and transfer wealth across generations, it is essential that our capital taxation system reflects modern realities.
“Rising asset values, evolving family structures, and increased longevity all call for a fresh look at how we tax gifts, inheritances, and investment returns.”
