Pensions (Tax Exemption) (Amendment) Rules, 2026

L.N. 53 of 2026

INCOME TAX ACT

(CAP. 123)

Pensions (Tax Exemption) (Amendment) Rules, 2026

IN EXERCISE of the powers conferred by article 96 of the

Income Tax Act, the Minister responsible for finance has made the

following rules:-

(1) The title of these rules is the Pensions (Tax

Exemption) (Amendment) Rules, 2026 and these rules shall be read

and construed as one with the Pensions (Tax Exemption) Rules,

hereinafter referred to as the "principal rules".

(2) These rules shall be deemed to have come into force on the

1st January 2026.

In the second column of the fifth row of the table in rule 3

of the principal rules the words "sixteen thousand, six hundred and

thirty-six euro (€16,636)" shall be substituted by the words "thirty-

seven thousand, one hundred and four euro (€37,104)".

Immediately after rule 3 of the principal rules there shall be

added the following new rule

In the case of an individual who, in the year

of assessment 2027 or any subsequent year, benefits

from the exemption granted under rule 3 and who is

chargeable to tax at the rates specified in article

56(1)(a)(i) of the Act, a tax rebate shall be granted as a

set-off against the tax on the chargeable income, as

follows

Tax rebate = (chargeable income less 15,000)

multiplied by 15%

Provided that such rebate shall not exceed

€540

Provided further that any negative result

shall not be taken into account and any rebate granted

under this rule may not give rise to a refund or be

available to be carried forward.".

€0.09