In 2012, the Revenue Commissioners issued a new requirement in relation to pensions. Having witnessed a spike in the number if Irish pensions being transferred overseas, the Irish tax authority demanded that it be notified of any international pension transfer. Many pension transfers are entirely legitimate. A beneficiary may be moving to another country, or not have an Irish domicile. However, Revenue identified that a significant number of pensions were being transferred to Malta, the Mediterranean archipelago. With a population of less than 500,000, Malta allows pension savers to draw down benefits from the age of 50, offers reduced tax…

Read on for just €1

For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .