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Finance Bill 2009 - Exit Tax Change


A change to the exit tax rate has been introduced in the recent Finance Bill.

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

QUINN-life direct Limited is regulated by the Irish Financial Regulator.

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