Transfer from an overseas pension
Points to note:
Additional requirements for all transfers
- The individual must be an Irish tax resident
- The overseas pension arrangement must be able to facilitate the transfer.
- The relevant regulatory authority in the transferring country must approve the transfer
Each country will have their own requirements which must be met before they will allow any transfers, these will have to be checked with the administrator or trustee of the overseas pension arrangement
Note: Irish Life does not have any pensions registered as QROPS with HM Revenue & Customs in the UK and therefore cannot accept pension transfers from a UK pension or from a non-UK pension that previously received a UK transfer requiring QROPS.
Transfers into company pensions
- Transfer can only be accepted into a scheme that has been Revenue approved or an application for approval has been submitted.
- Revenue approval cannot be applied for until after the start date of the scheme
Transfer into a company pension
Transfer into a personal pension