With effect from January 2014, tax relief will only be available on pension contributions up to the level that provides an annual income of up to €60,000.

0.6% Pensions levy to be abolished from 2014.

Standard Fund Threshold (maximum pension fund at retirement for tax purposes) to remain at €2.3M.

Provisions to be made in the Finance Bill for the Introduction of a 3 year window to allow withdrawals of up to 30% from AVC’s. Withdrawals will be subject to tax at the marginal rate.