CURRENT IMPACTS OF LEGISLATION HIGHLIGHTED AT RETIREMENT

  • If all your benefits from all sources of pension exceed €2.3 million at the 7th of December 2010, a PFT should have been applied for before the 7th of June 2011.
  • The PFT is set as the value of all pension benefits on the 7th of December 2010. The PFT can not exceed €5.4 million. Anything above this will be fully taxable.
  • There is currently no provision for indexation on the SFT or PFT.
  • If your fund is above the €2.3 million then you should consider stopping contributions.
 

© 2012 Paul Ryan IPFC

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