EII Tax Calculator
BVP 2026 EII Fund · estimate your EIIS income tax relief · 2026 tax year
Estimated tax saving
-
Reduction in income tax from your EII investment
Net income tax payable
Without EIIS-
With EIIS-
Your details
Gross pay, excl. pension (€)
EII investment amount (€)
Marital status
Tax creditsSelect every credit that applies; nothing is assumed
EIIS relief rate
35%
Tax year
2026
Select your marital status to calculate.
Tax computation
| Item | With EIIS | Without EIIS |
|---|---|---|
| Taxable pay | - | - |
| Standard rate band | - | - |
| Income tax | ||
| Tax at 20% | - | - |
| Tax at 40% | - | - |
| Gross tax | - | - |
| Less: tax credits | ||
| Total tax credits | - | - |
| Net tax payable | - | - |
| Tax saving through EII investment | - | |
How it works: EIIS relief reduces your taxable income. The deduction is grossed at the 40% marginal rate, so a €30,000 investment at 35% relief lowers taxable pay by €26,250 (investment × 35 ÷ 40). 2026 standard rate bands and tax credits are applied to both columns; the difference in net income tax is your relief. Tax credits subtract equally from both columns, so they show your realistic net liability without changing the saving.
Disclaimer: this calculator is for general information purposes only. It estimates income tax only (not USC or PRSI), assumes zero pension contribution and the 2026 tax year, and applies relief at the 40% marginal rate. No credits are applied automatically; select those that apply to you. The married, two-income band assumes the second earner has income of at least €35,000. Several credits are income-tested. Figures are 2026 rates published by the Revenue Commissioners. Professional advice should be taken regarding your specific circumstances. BVP Investments Ltd is regulated by the Central Bank of Ireland.