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How to ensure your pension is taxed correctly?

To ensure your pension is taxed correctly, you must:

  1. Contact your local Revenue office

(See the list of the regional office numbers below)

  1. Give them your PPSN
  2. Ask them to allocate any unused tax credits or cut-off point you have to Irish Life
  3. Tell them what tax reference number you want this allocated to. You should choose the tax reference number below for the type of pension benefit you have:

Taxable Cash/Trivial Payment

For a once off taxable cash or trivial payment (subject to certain criteria), tax credits should be allocated to Irish Life (ARF Payments) under tax reference number 4820009C).

ARF/AMRF/Vested PRSA

For ARF, AMRF or Vested PRSA withdrawals and other taxable payments (subject to certain criteria), tax credits should be allocated to tax reference number 4820009C.

Annuities

For a regular Annuity Payment, tax credits should be allocated to Irish Life (Pension Payments) under tax reference number 0087900D.

The tax office will then upload a copy of your tax cert which we will then deduct tax at the correct rate.

The Revenue Commissioners can tell you the correct rate of income tax that you should pay on your pension. Until we receive a Tax Credit Certificate from the Revenue Commissioners to tell us what rate of tax we should deduct from your pension income, we are obliged to deduct income tax at the highest rate (currently 40% as at September 2015) from your retirement income.

This means you may miss out on any tax credits or the standard rate cut-off point you may have.

Still need Help? Contact us here.

Regional PAYE LoCall Service 

Region Area Covered Telephone No.
Border Midlands West Region Cavan, Monaghan, Donegal, Mayo, Galway, Leitrim, Longford, Louth, Offaly, Roscommon, Sligo, Westmeath 1890 777 425
Dublin Region Dublin (City and County) 1890 333 425
East & South East Region Carlow, Kildare, Kilkenny, Laois, Meath, Tipperary, Waterford, Wexford, Wicklow 1890 444 425
South West Region Clare, Cork, Kerry, Limerick 1890 222 425

Remember to always quote your PPS number when contacting your Revenue office.

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