Thursday September 24, 2020

The great pension raid

This week marks the deadline for pension schemes to hand over Euro 700 million in pension levy payments to Revenue. Will this temporary' levy be here to stay?

21st September, 2014
Last year's budget saw Minister for Finance Michael Noonan renege on his pledge to end the pension levy in 2014, instead increasing the levy on pension funds this year and extending the levy for an extra year.

By the end of this week, the value of private pensions will have fallen by hundreds of millions of euro, as the government dips into the pension pots of retirement savers.

Close to €700 million will be wiped off private pension funds by September 25, which is the deadline for pension schemes to hand over payment of a government levy on pensions to the Revenue Commissioners.

The levy of 0.6 per cent on the value of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago