Exit Tax is an Irish government tax payable on any profit made on investments in funds. It does not apply to pension investments.
It is charged either when you sell your investment, or on the 8th anniversary of your investment, whichever comes sooner.
Because it is only charged on Exit or the 8th anniversary, until that time your savings accumulate tax-free.
Exit tax is only due on the profit you make on your investment. It also does not apply to pension investments.
The current rate of Exit tax is 41%.
You can see an estimate of the Exit tax due on our website. For a precise figure, please contact us.
This is a government levy of 1% on all payments into savings plans which are structured as life assurance policies.