Revenue eBrief No. 09/17

27 January 2017

Tax Relief on Retirement for Certain Income of Certain Sportspersons

Section 6 Finance Act 2016 amends Section 480A which provides for Sportspersons tax relief. The amendment extends the provision that any relief given under Section 480A is disregarded when calculating net relevant earnings for the purposes of Retirement Annuity Relief, to similar calculations with regard to Personal Retirement Savings Accounts.

This change applies from 1 January 2017. Tax and Duty Manual Part 15-01-36 "Tax Relief on Retirement for Certain Income of Certain Sportspersons – S480A TCA 1997" has been amended to reflect the changes.