Taxation of private pensions

All private pensions and occupational pensions are taxable sources of income. They are liable to income tax, USC, and PRSI in the same way as employment income. Your pension provider will deduct the tax from each payment it makes to you.

Avoiding emergency tax on your private pension

Your pension may be paid by your former employer or through a pension company. To avoid paying emergency tax on your private pension, be sure to get a Tax Credit Certificate in the name of your pension provider.

A widowed or surviving civil partner may be getting a private pension from a deceased spouse's or civil partner's pension provider. If this is the case, to avoid paying emergency tax, you’ll need to get a Tax Credit Certificate in the name of the pension provider.