Sunday May 31, 2020

Taxman tracks €73m in overseas pension transfers

Pension transfers could be subject to a tax clawback by the Revenue Commissioners

Barry J Whyte

Chief Feature Writer

20th November, 2016

The total value of pensions funds transferred out of Ireland – which could be subject to a tax clawback by the Revenue Commissioners – has continued to grow through 2016, according to internal Revenue briefing notes.

The Irish tax authority has to date tracked 585 overseas pensions transfers to a total value transferred of more than €73 million, the document noted.

The Revenue has been closely watching the transfer of pensions overseas as part of a multi-agency...

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