Tony Gregory
Question:78 Mr. Gregory asked the Minister for Finance if he will review the very high tax deductions from the pension of a person (details supplied) in Dublin 7; and if this person is due a rebate. [9787/97]
Written Answers. - Tax Liability.
I am informed by the Revenue Commissioners that the taxpayer and his wife are in receipt of pensions from the Department of Social Welfare in addition to a pension from a private pension fund. All these pensions are taxable. Since their total income in the current tax year will not greatly exceed the exemption limit applicable in their case, £9,200, they will be taxed under the marginal relief system. Based on the information available, the amount of tax deducted each week will be in the region of £12.40. The amount will be deducted from the private pension as the pensions paid by the Department of Social Welfare, while taxable, are paid gross, that is, without tax being deducted.
The taxpayer's income tax liability for the years 1993-94 to 1996-97 has been reviewed. A refund amounting to £155.62 is due and a cheque for this amount will issue shortly.