Personal investment account: ‘What is the interest rate in the new scheme?’

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The Government’s planned personal investment account for ordinary savers was finally revealed on budget day, but it wasn’t long until the questions began arriving by email to The Irish Times business desk. Questions like “Do you get to choose where your money's invested, or does the government supply guidance via a reliable broker?", “Will I still have to pay income tax on dividends?” and “ what is the interest rate in the new investment scheme?" It prompted Your Money columnist Cliff Taylor to…