IRELAND - The government should allow tax relief on all pensions contributions at 42% and abolish the exit fee penalty for SSIA (Special Savings Investment Accounts) money transferred into pensions savings, argues the Irish Association of Pension Funds (IAPF) in its pre-budget submission.
The measures would encourage retirement savings for low income earners, the IAPF said. Over the next 10 to 20 years, the association believes the government will realise a strong increase in tax re...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date