Some foreign pensions aren’t taxable in Ireland. These are foreign occupational and social security pensions that wouldn’t be taxable if you lived in the country that granted the pension. However, if you have a foreign pension (including UK and US pensions) it will generally be counted as a taxable source of income in Ireland and will be liable for income tax, USC, but not PRSI.
If you’re a PAYE taxpayer, contact Revenue and inform them of your foreign pension. They’ll reduce the annual tax credits and rate band on your Tax Credit Certificate to take account of it. If you’re self-employed, you should include details of the pension on your Form 11 and pay the tax due when making your annual income tax payment.
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