Pensions: Pensions levy to exceed €2bn this year

As the budget looms, calls are growing for Michael Noonan to abolish the pension levy.

5th October, 2014
James Kavanagh, managing director of Trustee Decisions.

The private pension levy has been in place for four years and, while there has been much consternation about water rates and other taxes, the fact remains that the government has raised more from this levy than it will do from many of its other so-called austerity measures.

James Kavanagh, managing director of Trustee Decisions, said, “Funded occupational and private pension funds in Ireland will see up to €700 million deducted from their value this...

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