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…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .