Approved Retirement Funds

Paragraph 5 of Chapter 23 of the Pensions Manual has been amended to advise that certain payments by the Department of Employment Affairs and Social Protection to individuals may be taken into account in determining the amount of their pension or annuity income for the purposes of the income threshold ("specified income") for the:

• Approved Minimum Retirement Fund in section 784C
• Personal Savings Retirement Accounts provision in section 787K

of the Taxes Consolidated Act 1997.

The payments are:

• fuel allowance payment
• household benefits package
• telephone support allowance payment.

13 June 2019