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Irish tax on early withdrawal from US retirement fund

  • 13-01-2011 07:55PM
    #1
    markjbloggs
    Registered Users, Registered Users 2 Posts: 294 ✭✭


    Hi,

    in a bit of a pickle here and need to access some cash (don't we all??)

    I have a substantial amount of funds in a US Individual Retirement Account from my time there in the late 80's. I am now over 50 and resident in Ireland.

    What is the Irish tax situation if I repatriate some of these funds to Ireland?
    Does it make a difference if it is intended to start a business?
    Is this treated the same way as a lump sum withdrawal from a pension plan here once you reach 50?

    thank you

    M


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    This is spefic tax advice outside the terms of the charter.

    Ask a professional. Thread closed.


This discussion has been closed.
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