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Pensions Manual update.

This update has brought the following changes to paragraph 5 of chapter 23:

  • advise that individuals who received a Christmas bonus under S.I. No. 523/2017 – Social Welfare (Temporary Provisions) Regulations 2017 – may take the bonus into account in determining the amount of their pension or annuity income for the purposes of the AMRF requirement in section 784C and the related PRSA provision in section 787K of the Taxes Consolidated Act 1997; this approach will also apply if a bonus is paid under subsequent Regulations.
  • confirm that the amount of a pension payable under the Social Welfare Consolidation Act 2005 is inclusive of the increase in the weekly pension rate which applies to individuals who live alone, where payable.

(Source: Revenue)

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