Clock is ticking for wealthy retirement savers
High-earning pension savers who have accumulated more than €2 million have until July 2 to apply for a tax exemption
The country’s wealthiest retirement savers have just under two weeks left to protect their pension pots from heavy taxation. Recent budgets have reduced the standard fund threshold, the maximum pension pot on which a person can receive tax relief in their lifetime. However, those with pensions above the revised cap have until July 2 to apply for an exemption from the pension limit.
What’s changed?
The standard fund threshold fell to €2 million from ...
