Wealthy retirement savers apply for tax exemption after limit cut

14th January, 2015
Michael Noonan

Close to 200 of the country’s wealthiest retirement savers have applied to the Revenue Commissioners for an exemption from revised rules on pension limits.

Budget 2014 introduced major pension changes, with Minister for Finance Michael Noonan announcing a significant reduction in the maximum pension pot on which a person can receive tax relief in their lifetime.

The standard fund threshold (SFT) fell to €2 million from January 1, 2014, down from the previous threshold of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Neale Richmond: Irish producers must strive to replace British suppliers in Europe

Brexit Neale Richmond 7 hours ago

Dermot Lacey: Why I’m backing the plans a for white-water rafting centre in Dublin

Have health authorities dropped the ball on airborne transmission of Covid-19?

Analysis: Homeworking legislation needs careful framing for best results