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Press & News

Exit Tax Change


There was a change to the exit tax rate announced in the recent Budget which will impact Quinn Life savings and investment policies. While this change has not been brought into legislation as yet, and may change, the current position is:

Exit tax applies to payments from savings and investment life assurance policies at 23% on growth. The rate of tax is being increased by 3% to 26% with effect from 1 January 2009. The increased rates will apply to disposals including deemed disposals.

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