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Independent Trustee Company is an Irish business that specialises in the provision of self-administered pensions (or SSAS, SIPP, PRSA, ARF as we call them) to personal clients through the intermediary market.

Friday, January 6, 2012

Revenue discover 115,000 pensioners

Following on from our previous post, Aidan McLoughlin was interviewed on Morning Ireland about the shock revelation from the Revenue that 115,000 pensioners have been underpaying tax on their Social Welfare pensions. The reason apparently is because the Revenue didn't know they were in receipt of Social Welfare pensions and therefore hadn't factored this extra income into their tax allowances.

Listen to the podcast here.

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