Tuesday October 20, 2020

Revenue Commissioners probe pension transfers

Barry J Whyte

Chief Feature Writer

@whytebarry
17th December, 2014
258

Ireland’s biggest pension trustee company ITC is betting on growth in the controversial area of overseas pension transfers, which the Revenue Commissioners believes may have been used by retirement savers to avoid tax.

The practice came under scrutiny this month after a Revenue statement reminded the pensions industry that such transfers were still liable for Irish income tax.

Revenue figures have shown that since they started collecting data on this practice in the...

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