200 Certain foreign pensions

This section applies to any pension, benefit or allowance which —

• is given in respect of past services in an office or employment or payable under the law of a foreign country in which it arises which corresponds to Chapter 15, 18 or 19 of Part 2 of, or Chapter 4 or 6 of Part 3 of, the Social Welfare Consolidation Act 2005, or any subsequent Act together with which that Act may be cited, and
• if received by a person who, for the purposes of a tax in that country which corresponds to income tax in the State, is resident in the foreign country and is not resident elsewhere, would be disregarded for income tax purposes.

Any pension, benefit or allowance to which this section applies is not treated as income arising from foreign possessions and, accordingly, is not chargeable to tax under Case III of Schedule D.

Under the terms of the US Double Taxation Agreement, signed on 28 July, 1997, this exemption from income tax does not apply in respect of a US Social Security pension payable to an Irish resident individual.

Relevant Date: Finance Act 2021