Savings Tax and Your Savings

Tax and Your Savings

The following is a brief explanation of the Share Accounts now available in Sarsfield Credit Union Ltd.

1. Regular Share Account:

  • Dividend is posted gross to the account every year.
  • It is the responsibility of the account holder to inform the Revenue Commissioners of any dividend posted to the account in his/her annual Income Tax return.
  • The Revenue Commissioners have the right to inspect the books and records of all financial institutions, including the Credit Union, with regard to individual's accounts.

2. Special Share Account:

  • Dividend is posted net to the account every year after deduction of Retention Tax from the gross dividend earned.
  • The Credit Union will deduct the tax and will pay it over to the Revenue Commissioners on behalf of the account holder.
  • The rate of retention tax will be the prevailing rate announced in the Finance Act each year.
  • Credit Unions are not required to submit details of individual members from whom they have deducted tax.

Contact Us
  • Sarsfield Credit Union
  • Tel: 061 317 910
  • Fax: 061 319 731
  • Email:
  • Web:
  • Address: Glentworth Street, Limerick
Contact Us
  • Tel:
  • Fax:
  • Email:
  • Address:
  • 061 317 910
  • 061 319 731
  • Glentworth Street, Limerick
Opening Hours
  • mon
  • tue
  • wed
  • thu
  • fri
  • 10:00-16:00
  • 10:00-16:00
  • 10:00-16:00
  • 10:00-16:00
  • 10:00-17:00

We are open throughout lunch.
Call in and talk to us today.

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Sarsfield Credit Union Ltd is Regulated by the Central Bank of Ireland. Reg No. 166CU