{"id":362455,"date":"2026-03-24T11:32:10","date_gmt":"2026-03-24T11:32:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/362455\/"},"modified":"2026-03-24T11:32:10","modified_gmt":"2026-03-24T11:32:10","slug":"prsa-reckoning-how-did-a-two-year-pension-loophole-impact-tax-coffers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/362455\/","title":{"rendered":"PRSA reckoning: How did a two-year pension loophole impact tax coffers?"},"content":{"rendered":"<p>&#13;<br \/>\n&#13;<\/p>\n<p>The \u201cpotential for abuse\u201d, a severing of an all-important \u201clink between salary and pension\u201d, and a serious \u201cexposure for the Exchequer\u201d by missing out on taxes on salaries. These were some of the warnings raised in 2023 by a small cohort of pensions and taxation experts within Revenue that an unintended loophole was created when Personal Retirement Savings Accounts (PRSA) changes were introduced into law in January 2023. The benefit-in-kind (BIK) charge on employer contributions to an employee\u2019s PRSA pension pot was removed through the Finance Act 2022. This was meant to create a level playing field for pensions and\u2026<\/p>\n<p>\n        <a class=\"restricted-content__logo\" href=\"https:\/\/thecurrency.news\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thecurrency.news\/wp-content\/themes\/currency-theme\/assets\/img\/Monogram-dark.svg\" alt=\"Logo\" width=\"290\" height=\"246\"\/><br \/>\n        <\/a><\/p>\n<p>Unlock full access to The Currency and The Wall Street Journal with an Annual membership and receive a free Samsonite suitcase \u2013 worth \u20ac235 delivered to your door.<\/p>\n<p><a class=\"cta-btn\" href=\"https:\/\/thecurrency.news\/pricing\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> <\/p>\n<p>Cancel at any time.<\/p>\n<p class=\"hide_mobile\">Are you already a member? .<\/p>\n<\/p>\n<p>&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; &#13; The \u201cpotential for abuse\u201d, a severing of an all-important \u201clink between salary and pension\u201d, and a&hellip;\n","protected":false},"author":2,"featured_media":362456,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,163785,61,60,1612,174,175,163786,15229,5066],"class_list":["post-362455","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-finance-act","tag-ie","tag-ireland","tag-pension","tag-personal-finance","tag-personalfinance","tag-prsa","tag-revenue","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/362455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=362455"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/362455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/362456"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=362455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=362455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=362455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}