750,000 to benefit as pension levy scrapped over two years
Wednesday 15 October 2014
FINANCE minister Michael Noonan yielded to pressure to get rid of the controversial pensions levy.
The levy impacts around 750,000 people who have defined contribution, defined benefit, additional voluntary contribution and self-employed pensions.
It is applied at a rate of 0.75pc on the value of the funds this year, raising close to €700m for 2014.
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