Brokers Ireland 2021 Budget Submission

Dear Member,

Brokers Ireland has finalised its 2021 Budget Submission. The submission will be sent to the Minister for Finance once a new Government has been formed.

This submission deals with:

• Lifting of 4% limit on AMRF withdrawals for 2020
• Consequence of any reduction in the current €115,000 limit on earnings for tax relief on personal contributions to pension arrangements.
• Consequence of any reduction on top rate tax relief on personal contributions to pension arrangements;
• Increase of Standard Threshold Limit of €2m
• Increase DIRT rate to the same rate as life assurance exit tax (LAET)
• Removal of the 1% Life Assurance Premium Levy.

For any queries in relation to the submission please contact me at rachel@brokersireland.ie

Kind Regards

Rachel McGovern

Director of Financial Services

Brokers Ireland