Living in Ireland
Your Complete Financial Guide
Essential guidance for UK expats navigating taxes, pensions, and financial planning in Ireland.
At SJB Global, we specialise in helping expats organise their financial lives and navigate the complexities of cross-border rules between Ireland and the UK.
Republic of Ireland – Tax & UK Pension Guide for Expats
Ireland is a popular destination for British expats, with a large UK community living and working across the country. It offers a tax system similar to the UK, attractive corporate tax policies, and tax-efficient options for pensions. This guide explains how Irish tax residency works, outlines key taxes, and explores options for managing a UK pension from Ireland.
Financial Planning Overview for UK Expats
Managing your finances as a UK expat in Ireland involves understanding key residency rules, tax obligations, and planning strategies to help secure your financial future.
Residency & Domicile
Understand how Irish residency, ordinary residency, and domicile status affect taxation and reporting obligations.
Taxes
Familiarise yourself with key Irish taxes, including income tax, social charges, capital gains, and inheritance considerations.
Pension Planning
Consider your options for UK pensions and overseas schemes while keeping tax efficiency and long-term growth in mind.
Professional Advice
Seeking guidance from qualified advisers helps ensure compliance, optimises retirement outcomes, and minimises tax surprises.
Defining an Irish Resident
Understanding your residency status is crucial, as it determines which taxes apply to you. In Ireland, individuals can be classified as:
- Resident – Generally, if you spend a significant portion of the year in Ireland, you are considered resident for tax purposes.
- Ordinary Resident – Usually follows after being a resident for several consecutive years. Even if you leave Ireland, you may remain ordinarily resident for a period of time.
- Domicile – Refers to your long-term intention to make Ireland your permanent home, or being born there.
Why it matters: Your residency and domicile status affect whether you are taxed on worldwide income or only income sourced or brought into Ireland.
Key Irish Taxes
Understanding the main taxes in Ireland is essential for UK expats, as your residency and domicile status will determine how and on what you are taxed.
Income Tax
Income from employment is taxed via PAYE (deducted at source). Individuals are subject to standard and higher rates depending on personal status, such as single, married, or one-parent family.
Universal Social Charge (USC)
A tax applied on gross income, with rates varying according to income type and circumstances. Certain high earners may face a surcharge, while some exemptions and reduced rates can apply.
Tax Credits & Allowances
Credits reduce the final tax bill, while allowances reduce taxable income. These can relate to personal circumstances such as age, dependents, or disability. Some credits must be claimed annually.
Capital Gains Tax (CGT)
A flat-rate tax applies to gains from disposals of assets, with a small annual exemption threshold.
Deposit Interest Retention Tax (DIRT)
Tax on interest from bank accounts and savings.
Capital Acquisitions Tax (CAT)
Applies to gifts and inheritances. Exemptions may apply for small gifts or transfers to certain relatives.
Corporation Tax
Trading income is taxed at a lower rate, while non-trading income, such as investment income, is taxed at a higher rate.
Double Taxation & Overseas Transfer Charges
When managing a UK pension from Ireland, two key considerations can significantly impact your retirement planning: double taxation and overseas transfer charges.
Even if you move abroad, UK tax may still apply to your pension. However, as an Irish resident, you may be able to claim relief under the UK–Ireland double taxation agreement, ensuring you are not taxed twice on the same income.
For those considering transferring their pension to a Qualifying Recognised Overseas Pension Scheme (QROPS), it is important to understand the potential impact of overseas transfer charges. Transfers to schemes within the EEA or in your country of residence usually avoid additional charges, while transfers outside these areas may be subject to an overseas transfer charge depending on residency status and the QROPS location.
Being aware of these factors early can help you make informed decisions and optimise your retirement planning.
Stay Up to Date on Irish Taxes
Navigating Ireland’s tax system can be complex, and legislation changes regularly. Staying informed about residency rules, reporting obligations, and tax rates is essential to remaining compliant and making the most of planning opportunities. Regularly reviewing your financial situation with a professional adviser can help prevent surprises and enable timely, informed decisions.
Key Steps for Expats:
- Confirm Irish tax residency status
- Declare foreign assets (including crypto, if applicable)
- Review income, capital gains, and other applicable taxes
- Evaluate pension options (UK and local)
- Check the double taxation treaty implications
- Consider inheritance and estate planning
- Stay compliant with social security contributions
Resources for Expats in Ireland:
Irish Tax and Customs (Revenue) – official guidance on income, capital gains, and inheritance tax obligations.
UK Government – Living in Ireland – practical guidance for UK nationals on taxes, pensions, and residency.
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Navigating taxation, pensions, and investment options in Ireland can be complex. Speak to an expert advisor to ensure your financial planning is compliant, tax-efficient, and aligned with your long-term goals.
What does the obligation free call include?
An initial 15-minute introduction call explaining our services and how we can help.
We go through a fact-finding exercise so we can then provide a full financial planning report including a personalised retirement forecast with future projections and work out how on track you are.
Lastly, we will provide a recommendation on any areas where we feel you could improve.
Who is SJB Global and meet your adviser
Our regulations, Independence and Fees
Our process from start to finish
Area we help with including:
UK Pension Advice
Retirement Planning
Investment Planning
Tax Planning
US Expat Services
International Estate Planning
Note: Minimum managed assets for SJB Global is £100,000 or currency equivalent.
Licensing & Regulations
Nexus Global specialises in providing a regulatory platform and compliance support to international financial advisers and intermediaries to enable them to meet regulatory requirements to provide their clients with a professional service. The financial advisers trading under SJB Global are members of Nexus Global. Nexus Global is a division of Blacktower Financial Management (International) Limited (BFMI). All approved members of Nexus Global are appointed representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission (FSC) and bound by the rules under licence number 3647: http://www.fsc.gi/regulated-entity/blacktower-financial-management-international-limited-3647.