Changed rules on pension limits begin to hit on savings over Euro 2m

Retirement savers who build a pension pot of more than €2 million face a big tax bill

13th July, 2014

Budget 2014 further reduced the amount which can be accumulated tax efficiently in a pension to Euro 2 million.

On June 30, the Revenue Commissioners launched an online system to facilitate individuals with accrued benefits in excess of this amount on January 1, 2014 to claim a personal fund threshold (PFT) of up to Euro 2.3 million (which has been the limit since 2010).

The reduction in the limit to Euro 2 million was a move which was signalled by the Minister...

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

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago