Tuesday August 11, 2020

Early access pension scheme falls flat

Just €67 million in tax deducted during the three-year window

26th June, 2016

The government’s final tax take from a now closed scheme allowing early access to retirement savings has fallen far short of initial estimates, according to new figures.

Retirement savers withdrew a total of €173 million from Irish pensions between March 2013 and March 2016 under the three-year pension access scheme, according to new figures from the Revenue Commissioners.

Pension withdrawals under the early access scheme were subject to tax, and initial government estimates at the...

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

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 3 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 7 months ago