Government set to confirm new tax on pensions

The Government is due to announce a new tax on all pension savings of private sector workers next week.

It is understood the Government is introducing this new tax as a way to fund the new jobs initiative.

It is expected that the tax will be between 0.5-0.6%, which works out at around €500 per year per person.

More on this topic

Lack of pension planning a 'ticking time bomb', experts warnLack of pension planning a 'ticking time bomb', experts warn

Almost half of adults do not have a private pension - studyAlmost half of adults do not have a private pension - study

Men claim €433 in pension payouts as women only get €280Men claim €433 in pension payouts as women only get €280

Irish pension funds told to 'diversify and de-risk over the coming year’Irish pension funds told to 'diversify and de-risk over the coming year’


More in this Section

President Higgins and Defence Minister evacuated from hotel in Lebanese capitalPresident Higgins and Defence Minister evacuated from hotel in Lebanese capital

Gardaí appeal for help in search for missing man in GalwayGardaí appeal for help in search for missing man in Galway

Probe launched as Fianna Fail TD claims colleague voted for him in DailProbe launched as Fianna Fail TD claims colleague voted for him in Dail

Taoiseach: All 27 EU states will need to approve any Brexit extension requestsTaoiseach: All 27 EU states will need to approve any Brexit extension requests


Lifestyle

These are the nail hues to choose this season, says Katie Wright.Perfectly polished: 5 autumn/winter nail trends you’ll actually want to wear

This early 19th-century table is one of a number of Irish lots at Sotheby’s Style, Furniture and Ceramics sale in New York on Thursday (October 24).Irish lots poised to add bite to Big Apple sale

Something for all at Hegarty’s auction in Bandon, says Des O’SullivanSomething for all at Hegarty’s auction in Bandon

Des O’Sullivan gives a preview of the Irish selection on offer at two sales in DublinPreview of the Irish selection on offer at two sales in Dublin

More From The Irish Examiner