Pension schemes to hand over millions to government
Close to €100 million will be wiped off the value of funds
Retirement savers will see close to €100 million wiped off the value of their pension funds in the next ten days, as pension schemes hand over payment of a government levy on pensions to the Revenue Commissioners.
The levy on the value of assets in Irish pension funds was introduced in 2011 to fund the government’s jobs initiative, and initially applied for four years from 2011 until 2014.
The Minister for Finance Michael Noonan subsequently increased...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year