Revenue recently updated (end of May) their Pensions manual with changes to reliefs for contributions to UK pension schemes and migrant workers following Brexit. The e-brief information is outlined below as well as a link to the manual on the Revenue site:
Pensions Manual Chapter 17 deals with overseas employers, overseas employees and employees seconded from overseas. It has been updated following the enactment of the relevant parts of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020, which came into operation on 31 December 2020 via S.I. No. 723 of 2020.
The amendments maintain the status quo position for reliefs including:
- Relief for contributions to UK pension schemes
- Relief for migrant workers
following the withdrawal of the United Kingdom from the European Union.