The Finance Bill 2021 was signed into law on 21 December 2021. It included several significant pension changes based on some of the recommendations detailed in the report produced by the Inter-Departmental Pensions Reform & Taxation Group (IDPRTG).
The Minister for Finance published the Finance Bill 2021 on Thursday 21 October 2021. The Finance Bill 2021 included several significant pension changes which will enable the implementation of some of recommendations detailed in the report produced by the Inter-Departmental Pensions Reform & Taxation Group (IDPRTG).
In today's TechTalk we discuss Personal Pension Term Insurance. Personal Pension Term Insurance is available to those who are self employed and taxed under Schedule D (Case I or II) or those in non-pensionable employment which is an employment that is not linked to an occupational or statutory scheme and taxed under Schedule E.
In this issue of TechTalk, we look at the treatment of Approved Retirement Funds (ARFs), Approved Minimum Retirement Funds (AMRF’s) and Vested PRSA’s on death and in particular examine the tax consequences on payments made as a result.