Pension planning anti-avoidance (Section 13)
A number of amendments are made to Part 30 and Schedule 23B TCA 1997 for the purposes of preventing tax avoidance opportunities relating to Personal Retirement Savings Accounts (PRSAs). The amendments place limits on the tax-exempt pension fund under a PRSA similar to those already in place for other types of pension funds such as Approved Retirement Funds (ARFs).