Government considers new state pension fund to absorb ‘windfall’ corporate tax receipts

The government has taken advice that over half of Ireland’s bumper corporate tax revenues could be windfall in nature and should not be committed into permanent spending

Michael McGrath, the Minister for Finance, is assessing a series of options for the repurposing of the National Reserve Fund into a more future-oriented investment fund. Picture: Collins

The government is considering the establishment of a new state pension fund to absorb much of the “windfall” corporate tax receipts over concerns they cannot be guaranteed into the future, the Business Post can reveal.

Last year, the government relaunched what had previously been termed the “rainy day fund” in the form of a new National Reserve Fund.

As part of Budget 2023, it committed to transferring €6 billion into the fund across 2022 and ...