Revenue has published a new chapter in the pensions manual to provide guidance on the Automatic Enrolment Retirement Saving System. The guidance provides details on contributions to the auto enrolment system by participants, employers and the State, and includes relevant taxation implications and related contact details.
The layout of the guidance is as follows:
- Paragraph 1: Introductory section,
- Paragraph 2: Contributions by participants and repayments of contributions to a participant,
- Paragraph 3: Contributions by an employer and repayments of contributions to an employer,
- Paragraph 4: Contributions made by the State,
- Paragraph 5: Taxation of payments made from the Automatic Enrolment Retirement Savings System,
- Paragraph 6: Taxation of payments made following the death of a participant,
- Paragraph 7: Interaction of the Standard Fund Threshold with auto-enrolment savings, and
- Paragraph 8: Contact details for the National Automatic Enrolment Retirement Savings Authority and the Department of Social Protection.
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