Sitting before the Oireachtas finance committee last May, Niall Cody, chair of the Revenue Commissioners expressed his concern over recent pension tax reform. Specifically, he was concerned with the reform of tax on personal retirement savings accounts (PRSA) brought in at the end of 2022 via the Finance Act of that year. The changes were meant to create a level playing field in the pensions field, equalise the tax treatment of pension schemes and make PRSAs the product of choice in the personal pensions market.  To do so, the benefit-in-kind (BIK) charge on employer contributions to an employee’s PRSA pension…

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