The legislation to give effect to the temporary pension fund levy has gone through the Oireachtas and on 22 June 2011, the President signed into law the Finance (No. 2) Act 2011. Various changes have been made to the levy since the Finance Bill was first published in May, aimed at making the administration of the levy easier. The Act remains quite poorly drafted and some sections are quite ambiguous and difficult to decipher. Supplementary advice should be sought in conjunction with the attached summary.
