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

@whytebarry
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 4 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago