Tax
€2m threshold for pension tax relief making it harder to attract top talent, businesses warn
The government is reviewing a regime that means pension pots above €2m are not eligible for tax relief. Companies say the cap must be indexed to inflation
Rules on the taxation of pensions risk creating a “negative reaction” towards long-term saving that damages the government’s planned auto-enrolment scheme, businesses have warned.
Ibec, the lobby group, said the standard fund threshold – which caps the amount of a person’s pension that is eligible for tax relief at €2 million – has become a “barrier to business growth”.
In a letter to the Department of Finance, the group said the threshold disincentives workers from ...
