Early access pension scheme falls flat
Just €67 million in tax deducted during the three-year window
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...
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Tom Maguire: Tax changes we make now could help business for years
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