New year tax shock in store for wealthy pension savers

Thousands of wealthy pension investors could be stung with a tax shock in early 2013 following a probe by the Revenue Commissioners.

23rd December, 2012
Josephine Feehily of the the Revenue Commissioners.

Thousands of wealthy pension investors could be stung with a tax shock in early 2013 following a probe by the Revenue Commissioners.

The investigation follows on from January 2012, when thousands of pensioners received letters from the Revenue Commissioners about their pension. Some of these letters explained that the recipient might owe more tax on their pension income, while others were informed that they were paying too much tax.

The letters were sent after the Revenue Commissioners...

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