TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Minister for Finance improves options for Pensioners

The Minister for Finance has announced that individuals who have a Buy-out Bond that originated in a Defined Benefit pension scheme will be allowed to use these Buy-out Bonds to access an Approved Retirement Fund (ARF).

At the moment, accessing an ARF is only available in respect of the benefits payable from Defined Contribution pension schemes and personal pension plan arrangements, and is not generally available to the main benefits payable from Defined Benefit pension schemes. You can read more on this in the press release on the Department of Finance website.