Sunday October 25, 2020

€130m already deducted under pension levy

More than €130 million has already been deducted from the pension funds of Irish retirement savers under the government’s controversial pension levy.

20th August, 2011

More than €130 million has already been deducted from the pension funds of Irish retirement savers under the government’s controversial pension levy.

The money has been paid over to the Revenue Commissioners.

The 0.6 per cent charge will apply to the capital value of assets under management in Irish pension funds for four years, and is expected to raise €470 million a year - a total of almost €1.9 billion between now and 2014.

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