Taxes in Europe Database v2
Stamp Duties Consolidation Act 1999 as amended by Finance (No. 2) Act 2011 and Finance (No. 2) Act 2013.
Republic of Ireland (Revenue approved pension schemes)
Trustees and administrators of pension funds
The levy is applied to the market value of assets under management in pension schemes approved by the Revenue Commissioners under Irish tax legislation. The schemes affected are Retirement Benefit Schemes (i.e., Occupational Pension Schemes), Retirement Annuity Contracts and Personal Retirement Savings Accounts (other than what are known as vested PRSAs).
The levy will not apply to the assets of occupational pension schemes in respect of employees whose employment is or was wholly exercised outside the State. In other words, the levy will not apply to the extent that a scheme is intended to provide retirement benefits outside the State. In addition, it will not apply where the trustees of a scheme have passed a resolution to wind-up the scheme and where the business in respect of which the scheme was established is insolvent.
Single rate of 0.6%. 0.6% pension fund levy to finish in 2014. Additional pension fund levy of 0.15% to apply in 2014 and 2015.
25 September for five years from 2011 to 2015.