Pensions Tax Relief to Change to 33%

The Department of Finance published a document on Friday 29^th April – Ireland – Stability Report update.  On page 39 it indicates that a decision has been made to set Pension Tax Relief at 33%.

The wording is as follows:

Tax relief for contributions to existing occupational and personal pension
arrangements currently based on a contributor’s marginal rate of tax will be
replaced with a State contribution equal to 33 per cent tax relief. This will
promote simplicity and equity and ensure that similar options are available to
all groups of employees.

Link to the document click here.