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Version status: In force | Document consolidation status: No known changes
Version date: 1 January 2025 - onwards
Version 2 of 2

13. Pensions (standard fund threshold)

The Principal Act is amended -

(a) in section 787O(1) -

(i) by the insertion of the following definition:

"'quarterly estimate for average weekly earnings' means the quarterly estimate for average weekly earnings contained in the Earnings, Hours and Employment Costs Survey published by the Central Statistics Office, from information obtained pursuant to the Job Vacancy Survey and the Labour Costs Survey conducted by that Office pursuant to orders made under section 25 of the Statistics Act 1993, or any equivalent survey conducted and published from time to time by that Office pursuant to orders so made;",

and

(ii) by the substitution of the following definition for the definition of "standard fund threshold":

"'standard fund threshold', in relation to an individual for a year of assessment, means -

(a) for each of the years of assessment 2014 to 2025, €2,000,000,

(b) for the year of assessment 2026, €2,200,000,

(c) for the year of assessment 2027, €2,400,000,

(d) for the year of assessment 2028, €2,600,000,

(e) for the year of assessment 2029, €2,800,000,

(f) for the year of assessment 2030, the higher of €2,800,000 or an amount determined by the formula -

€2,800,000 × (A/B)

where -