“Personal private pension contributions may become a thing of the past if the Recovery Plan’s proposals are implemented to restrict tax relief for personal pension contributions for employees and the self-employed,” according to John Heffernan, head of Ernst & Young’s regional tax services.
Posts Tagged ‘Pensions’
Irish Life and Zurich Life, two of the biggest pension providers in the country, have asked the Government to impose a €200m levy on retirement funds in the upcoming Budget rather than cut tax relief on contributions, The Sunday Times reports.
The Government’s €6 billion Budget plans may founder on proposals to cut the state pension, with Fianna Fail backbenchers threatening revolt over the issue, The Sunday Times reports in its lead story.
Civil service pensions may be brought in to line with private sector pensions if a proposed Fianna Fail reform goes ahead.
Pensions authorities are concerned at the apparently legitimate way that former Anglo Irish Bank Chairman Sean Fitzpatrick was able to split his €3.7 million pension with his wife Catriona, says the Sunday Tribune.