Revenue eBrief No. 010/22

19 January 2022

Pensions Manual Update

Pensions Manual Chapter 4, which deals with contributions to pension schemes by employers, has now been updated in Paragraph 4.9 to reflect an amendment in Finance Act 2021 to section 774(6) of the Taxes Consolidation Act 1997.

The amendment provides that tax relief is available for pension contributions made by a company (described as a “relevant contributor”) to occupational pensions schemes to benefit current or former employees of another company where the contributions are paid under the terms of a legally binding agreement between two or more companies, and not only in cases where the other company is a party to that agreement.