Taxes Consolidation Act 1997 section 608

Superannuation funds

Section 608 exempts from capital gains tax gains arising on the disposal of investments held in approved pension funds, PRSA assets, PEPP assets and cross-border pension schemes, and treats financial futures and traded options as investments for this purpose.

• Gains on disposals of assets held in Revenue-approved superannuation funds, as PRSA assets, as PEPP assets, or as units in an auto-enrolment provider scheme are not chargeable gains.
• Financial futures and traded options dealt in or quoted on any futures or stock exchange are treated as investments, so gains from dealing in these instruments within such funds are also exempt.
• Where only part of a fund is Revenue-approved, gains are exempt only to the same extent as income from the assets would be exempt from income tax.
• The Oireachtas members' pension fund is deemed to be a Revenue-approved fund, and gains on disposals by cross-border pension scheme providers exempt under section 790B are also not chargeable gains.