I am not sure if this applies to public sector pensions.Redfella,
I don't know about Spain but in Portugal and Cyprus you pay (aprox) 5% tax on your pension, not sure what the criteria is at the moment. It's why there's quite a few Irish moving to these places. and others thinking about it
Hi there,Yes, I know quite a few public servants who have retired and are now living in Cyprus permanently.
I know this discussion is a bYour first €19,500 of income is tax-free. Tax rates then start at 20% and rise progressively to 35% for income over €60,000. Foreign pension income receives special treatment here – you choose how it is taxed each year: At a flat rate of 5% on the excess of €3,420 (this sum being exempt); or.Jul 18, 2019 it old, but it just came to my attention, just to clarify I have lived in Cyprus now for over one year, and as a retired public servant, I can confirm that special arrangement of 5% income tax does not apply to Irish Public Service pensions, unfortunately the tax rate is the same as if i still lived in Ireland, so I dont know where or how these retired public se
|Tax Rate||Income (in EUR)|
|35||60,001 and more|
|Taxable Income (in EUR)||Rate (%)||Tax Amount (in EUR)|
Ireland has a double taxation agreement with Cyprus. If you're a resident of Cyprus and in compliance with their tax regime, rules and laws I cannot understand how your pension is taxed in Ireland like you say. My friends include teachers and nurses who would have been considered Public Servants while they were working I should have thought. It was they who educated me on the 5% tax rate they were paying. I rest my case.Thanks for the informative reply, No Problem, yes its a good saving on tax if you retire to Portugal or Cyprus, however it doesnt apply to people on Public Service pensions, as the Irish Tax authorities insist on tax being deducted as if you were living in Ireland, but happy days if its a private pension.