Pensioners Targeted by Irish Revenue

Many pensioners will be alarmed to hear that their pension income may soon be lowered. The revenue commissioners have notified over 115,000 pensioners of a pension income reduction.

The move comes as a result of two State bodies, the Department of Social Protection and the Revenue Commissioners, sharing information that they hold on Irish taxpayers. Records pertaining to 560,000 pensioners were sent from the Department of Social Protection to the Revenue Commissioners and of those it was discovered that 115,000 pensioners have been underpaying tax

The tax bills will affect people who are in receipt of both a State pension and a secondary private pension or salary.

If you’re worried about how you have been affected, register here for a pension tax consultation or alternatively text 'PENSION' to 53131.