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Saving or Investing with Raisin? Here’s How Irish Tax Actually Works.
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. You may also need to file if your gross non-PAYE income is €30,000 or more, even if the net amount is smaller.
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.
Find out more, visit Raisin.ie.
What happens when you sign up
- Answer a few plain-English questions
No tax jargon, no guessing what a box on the form means.
- We prepare your Form 11
Using exactly what you’ve told us and your statements.
- A tax expert reviews it
A second pair of expert eyes, on Plans 2 and 3, before anything is submitted.
- You file with confidence — or we file it for you
On Plan 3, we take care of submission entirely.
9/10 customers recommend us
“Tax returns can be very daunting and overwhelming… Declan provided fantastic support patiently answering all my questions and explaining the processes in a prompt and professional manner. It helped me to understand complex stock calculations, forms to fill in and supported me substantially in submitting my returns for the past 4 years.” — Simona, 5 stars, FastTax.ie customer via Trustpilot
