Pension income to be tax-free from 2026
Politics
Finance
April 17, 2026
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The Government will exempt pension payments from approved pension fund plans and approved deferred annuity plans from income tax, under a major reform to be introduced in the Finance Bill, 2026.
The announcement was made in the Lower House of Parliament by the Prime Minister, who said Cabinet had authorised the statement relating to the 2026 Budget measure previously outlined by the Minister of Finance.
The exemption will apply to income earned on or after January 1, 2026.
Politics
Finance
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