100,000 Irish in line for Australian tax windfall

Irish people who spent time in Australia are losing out on millions of euro by failing to claim back retirement contributions they made while abroad, according to a leading tax firm.

26th February, 2011

Irish people who spent time in Australia are losing out on millions of euro by failing to claim back retirement contributions they made while abroad, according to a leading tax firm.

Taxback.com, which specialises in tax return services, said more than 100,000 Irish people could be due an average windfall of about €660 in refunds from Australian pension funds.

This equates to a total windfall of close to €70 million.

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