Pensions and tax

Taxation of private pensions

All private pensions and occupational pensions are taxable sources of income. They are liable to Income Tax, Universal Social Charge (USC). They may also be liable to Pay Related Social Insurance (PRSI) in the same way as employment income. Your pension provider will deduct the tax from each payment it makes to you.

You may need to take steps in Avoiding emergency tax on private pensions.

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