New tax coming for Irish private pensions

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IRELAND - The government plans to reveal details of a new pension tax next week to reap savings of about €2bn ($3bn), in a move the Irish Association of Pension Funds calls an "attack" on savings.

The IAPF said Minister of Finance Michael Noonan plans to implement an annual levy of between 0.5% and 0.6% on all private pension assets including occupational defined benefit funds, defined contr...

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