If you are an expat employee in Ireland or an Irish
national who has relocated abroad for work or retirement, you may
not want to keep your pension in Ireland. Here's
why.
In December 2017, Irish Revenue issued two new chapters to their
Pensions Manual, which on the face of it did not look draconian,
but upon further investigation, the new chapters should leave
expats with Irish pension pots asking some key questions.
Typically, when you 'vest' a pension at retirement, you
can receive a portion of the fund as cash, and then an
income/pension paid for life from the rest.
If a pensioner has emigrated to another country to retire, and
that country has a suitable double tax treaty or agreement (DTA)
with Ireland, the pensioner can claim treaty relief and have a
gross payment at source. He or she will then pay tax in their
current country of residence.
