Move to 20% pension contribution relief not set in stone yet – Deloitte |
24 November 2010 - The first key change to tax relief infrastructure comes in 2011, when pension contributions made by employees and the self employed will cease to attract PRSI and health levy relief. The further proposal is that contribution relief will be restricted to 34% in 2012, 27% in 2013 and 20% in 2014; however the Government is committed to engaging with the pensions industry to examine alternative ways to achieve the desired savings outcome of €700 million.
Commenting on the pension measures announced in the National Recovery Plan 2011-2014, Ian Mitchell, Managing Director, Deloitte Pensions and Investments Limited commented:
“The door has been left ajar on contribution relief but the pensions industry will need to move quickly before the door is slammed shut.”
For Further Information Please Contact:
Ed Micheau
Murray Consultants
086 8037155
Claire Quinn
Deloitte
087 6825766
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/ie/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
The information contained in this press release is correct at the time of going to press.
Deloitte’s 1,100 people in Dublin, Cork and Limerick provide audit, tax, consulting, and corporate finance to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they operate.
Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.
Last Updated:
Contacts
- Name:
- Claire Quinn
- Company:
- Deloitte
- Job Title:
- PR
- Phone:
- +353 1 417 2356
- cquinn@deloitte.ie
- Name:
- John McGuinness
- Company:
- Murray Consultants
- Job Title:
- Phone:
- 01 4980361
- jmcguinness@murrayconsult.ie