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Pension Fund Levy on Irish Pension Fund For Non Resident

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  • 05-03-2015 6:25am
    #1
    skippy2
    Registered Users Posts: 393 ✭✭


    Hi All

    Could someone help me clarify re the following in regard to the Pension Fund Levy

    I have come across the following statement

    "The levy does not apply to:
    Assets of pension funds in respect of the provision of retirement benefits to non-resident members"

    If you are non resident for tax purposes and have a PAYE Exclusion Order to this effect does this mean that you should not have to pay the Pension Fund levy. I have a pension fund in Ireland which is not in draw down stage. But as indicated I am non resident (since end of 2013) so my reading of this is i should not be liable for the Pension Levy from that date.
    Or does this relate to only if you are actually currently drawing down a Pension from the Fund

    Many thanks in advance for any advice


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  • Options
    #2
    The J Stands for Jay
    Registered Users Posts: 5,768 ✭✭✭The J Stands for Jay


    skippy2 wrote: »
    Hi All

    Could someone help me clarify re the following in regard to the Pension Fund Levy

    I have come across the following statement

    "The levy does not apply to:
    Assets of pension funds in respect of the provision of retirement benefits to non-resident members"

    If you are non resident for tax purposes and have a PAYE Exclusion Order to this effect does this mean that you should not have to pay the Pension Fund levy. I have a pension fund in Ireland which is not in draw down stage. But as indicated I am non resident (since end of 2013) so my reading of this is i should not be liable for the Pension Levy from that date.
    Or does this relate to only if you are actually currently drawing down a Pension from the Fund

    Many thanks in advance for any advice

    A PAYE exclusion order only applies to schedule E tax on pensions in payment.

    The paragraph you've quoted may only be referring to assets in a DB scheme currently being used to pay a pension to a member living overseas, but I'm not sure.


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