Pension Levy due 25 September
The pension scheme levy was due for payment Thursday 25 September. The levy is 0.75% of the market value of assets in pension schemes.
A levy of 0.6% on pension funds was introduced as part of the Jobs Initiative in 2011 to fund the 9% rate of VAT and the halving of the reduced rate of employers PRSI. The 0.6% levy was due to expire on 31 December 2014 however, the Minister for Finance announced as part of Budget 2014 an increase to the levy of 0.15% for 2014. The levy is to continue and apply at a rate of 0.15% in 2015.