Save smarter.
We’ll handle the tax.
Saving with Raisin? We make the tax part easy.
You’ve made a smart decision. You’re using platforms like Raisin to access better deposit interest rates for your hard-earned savings. But there’s an important tax difference when saving with banks across Europe. Your interest may not be taxed automatically in Ireland.
Which means you need to declare it yourself using a Tax Return Form 11. FastTax.ie makes that easy. We help Raisin savers file correctly, avoid mistakes, and stay fully compliant without the cost of an accountant or the stress of figuring it out alone.
Who needs to file a Form 11 for deposit interest earned?
Firstly, Irish tax residents who open savings accounts overseas need to file a Form 11 in the year you open the account.
For the following years, anyone earning over €5,000 net outside of PAYE needs to file a Form 11 to declare this income. This will mean that if you have deposit interest earned of over €5,000 or if your combined deposit interest and other non-PAYE income exceeds €5,000, you will need to complete a Form 11.
FastTax.ie is here to make the process simple to follow and keep you tax compliant.
Who this is designed for:
FastTax.ie is ideal if you:
- Use Raisin or other online savings platforms
- Have savings accounts outside Ireland
- Earn interest without DIRT (deposit interest retention tax) being deducted at source
- Want to stay fully compliant with Revenue
- Want expert help without paying accountant fees
We give you the confidence that your return is correct, without the hassle of the Revenue’s Online System or the costly fees of an accountant. We’re proud to offer a 100% tax guarantee. * see Ts + Cs page.
Why Raisin Works for Irish Savers?
Many FastTax.ie customers use Raisin because it gives them something Irish banks often don’t:
Better interest rates
Raisin gives access to savings accounts across Europe, helping savers earn more from their money. Even small rate differences can add up significantly over time.
Your savings remain protected
All EU banks must protect deposits up to €100,000 per person, per bank under EU Deposit Guarantee Schemes. This protection applies equally to Irish savers even when saving with banks in other EU countries. This means your money remains protected while earning better returns.
Simple, modern saving
Raisin gives savers: easy online access, clear interest tracking and flexibility and control. Raisin users are confident they’re making their money work hardest. FastTax.ie gives the confidence that their tax return is just as smart, with an intuitive easy-to-follow process.
