Kel Galavan

And that is quite a good thing, actually, for Irish people in the grand scheme of things.

But we can break that down.

And it's looking like it might follow either an ISA model that the UK might have or the Swedish model, which is basically you put money in and you leave it there for X amount of time, but it is invested in the stock market.

So we don't know exactly what that will look like yet.

But the benefit is the incentivized tax.

Now, incentivized tax can mean a lot of things.

But looking at the Swedish model and looking at the UK's ISA model, it usually means that you can put the money in generally easily.

tax-free and it can grow to a certain threshold and then there's one particular tax applied to it.

But we don't have the details on that yet.

Again, all we have at the moment are kind of soundbites and headlines, as you said at the beginning.

But what seems to be the intention at the very least is that it will be simplified.

Like that has been mentioned a good few times.

And that's a good thing because I think

potentially there could be fear around it if it is quite complex.

So it's been spoken about as being simple, which generally will mean that it's going to be managed by whoever's providing it, whoever you buy it off.

So whether that's the admin side, the tax side, that sort of thing, it's looking like that will be managed not by you individually, but by whoever's providing it for you.

So exactly like what you said, like the pension.

When it comes to investing, there's always risks.

The way I kind of look at this is, OK, when it comes to investing in the stock market, it can frighten the living daylights out of the best of us.

But since the stock market ever became a thing, like well over 100 years ago, 200 years ago,