Pensions Authority Fees Consultation paper
The Pensions Authority has issued a consultation paper in which it proposes to increase the overall fees collected from occupational pension schemes and the method of calculation of those fees. It is proposed that the primary fee would be an asset-based levy charged on an equal basis to occupational schemes and PRSAs. You can view the Authority's consultation paper here. The consultation closes for submission on June 22nd. We will be responding and would welcome any views from members, which can be submitted via email.
The Pensions Council
The Pensions Council is seeking views on gender gaps arising within supplementary pensions in Ireland, and its invitation to submit views can be seen here. We will be responding and would welcome any views from members by email.
Revenue Pensions Manual
Chapter 17 of the Revenue Pensions Manual deals with overseas employers, overseas employees and employees seconded from overseas. It has been updated following the enactment of the relevant parts of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020, which came into operation on 31 December 2020 via S.I. No. 723 of 2020. The amendments maintain the status quo position for reliefs including:
- Relief for contributions to UK pension schemes
- Relief for migrant workers
following the withdrawal of the United Kingdom from the European Union.