16/05/2011

- Department of Finance releases Q & A on Application of Pension Levy

In the Jobs Initiative 2011, announced by the Government last week, a levy of 0.6% on the capital value of pension funds was proposed.

The Department of Finance has releasedQuestions & Answers

A number of administrative aspects in relation to the levy are yet to be clarified. We understand that the relevant legislation is to be provided in the upcoming Finance Bill on 19 May.

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