
Ireland’s pension system is undergoing major reform, and for Irish nationals living in Portugal — or planning to move abroad — the consequences could be significant.
By April 2026, many single-member pensions in Ireland will be closed under new EU rules and moved into new replacement pension structures.
However, if your pension is placed in a plan with little flexibility, transferring it out of Ireland later could result in tax charges of up to 50%, even if you move it to another EU country.
In simple terms, doing nothing now could leave your pension locked in Ireland and heavily taxed when you eventually need to move it.
Although the reforms are scheduled to be completed in April 2026, action must be taken well in advance. Once pensions are automatically transferred or wound up, your options may be severely limited.
Taking action as soon as possible and seeking professional advice can help ensure your pension is placed in a structure that supports future mobility.
The session will conclude with a live Q&A, giving you the opportunity to ask our expert panel questions specific to your situation.
