Government response to the independent review of the Standard Fund Threshold.
The Standard Fund Threshold (SFT) is an overall limit on the value of benefits at retirement of (currently) €2 million, beyond which retirees face penal tax rates of the order of 70%. Dr. Donal de Buitléir, in conjunction with the Department of Finance, carried out a review of the SFT and the recommendations were published this week.
The Minister for Finance has now outlined the key decisions taken by Government on foot of the de Buitléir report, which we summarise in LCP Radar with next steps for employers and trustees.
