Budget 2014 has been moved forward to October 15 and the Finance Bill is due to be issued 7 days after Budget Day – in or around October 24th. Therefore the drafting of the Bill will have already started. I look at how pensions feature in Budget 2014.
It is also expected that Finance will issue some form of statement that they will cease making any further changes to the pension regime once these new measures are introduced.
It is obviously difficult to advise on rumour, especially with so many changes predicted. For anyone near, or with ambitions to have a fund over €1.2m, now might be a time to start planning company cashflows to see if it is possible to make a contribution before Budget day.