Why paying too much into your pension could expose you to a big tax bill

You could face an onerous tax come retirement if your pension pot is over €2m

If you are one of the lucky ones with a pension fund worth close to, or in excess of €2 million, you may  wonder if you’re  paying too much into your pension

If you are one of the lucky ones with a pension fund worth close to, or in excess of €2 million, you may wonder if you’re paying too much into your pension

It’s not going to affect too many people. But if you are one of the lucky ones with a pension fund worth close to, or in excess of €2 million, you may well wonder if you’re actually paying too much into your pension. Because you could face an onerous tax come retirement.

You might also wonder why this figure hasn’t changed since it was introduced back in 2014.

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