Revenue Note for Guidance

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Revenue Note for Guidance

787F Transfers to PRSAs

No relief for transfers from other pension products

This section provides that transfers of funds to a PRSA from other pension products [i.e. from an RAC, an occupational pension scheme or repayments of contributions to an occupational pension scheme] are not treated for tax purposes as contributions to the PRSA. Tax relief would already have been given for such contributions.

Relevant Date: Finance Act 2021