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Generic Tax Name Stamp Duty - Pension Fund Levy
Tax name in the national language Stamp Duty - Pension Fund Levy
Tax name in English Stamp Duty - Pension Fund Levy
Member State IE-Ireland
Tax in force since 2011/06/30
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco

Social security contribution Employers
Legal base

Stamp Duties Consolidation Act 1999 as amended by Finance (No. 2) Act 2011 and Finance (No. 2) Act 2013.

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by


Geographical Scope

Republic of Ireland (Revenue approved pension schemes)


Trustees and administrators of pension funds

Tax object and basis of assessment

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).

Deductions, Allowances, Credits, Exemptions

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.

Rate(s) Structure

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.

Tax due date

25 September for five years from 2011 to 2015.

Tax collector

Revenue Commissioners

Special features
Economic function

Environmental taxes

Tax revenue
ESA95 code d75

Annual tax revenue (millions)
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 483.00 EUR 0.28
2011 463.00 EUR 0.27