Revenue set to get tougher on offshore pension schemes

Malta is being advertised as a tax haven for pension funds

Pension savers tempted to move a chunk of their fund offshore to avoid tax could be at risk of incurring serious penalties, the Revenue Commissioners has warned.

Ireland has seen a recent upsurge in pension savers taking advantage of a perception of market freedom to move funds around Europe, with a number of financial advisors claiming in advertisements that portions of pension funds could ...