Tuesday, 5 December 2006

Questions (196)

Paul McGrath

Question:

213 Mr. P. McGrath asked the Minister for Finance the number of investments per month since the SSIA scheme was operative in May 2006 in relation to the pension incentive introduced in the Finance Act 2006, for persons to reinvest part or all of their SSIA on maturity. [41090/06]

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Written answers (Question to Minister for Finance)

I am advised by the Revenue Commissioners that the number of investments per month in pension products using all or part of matured SSIA funds and availing of the new Pensions Incentive Tax Credit introduced in the Finance Act 2006, is as follows:

June 2006

78

July 2006

267

August 2006

575

September 2006

892

October 2006

1,293

The total number of investments in pension products using all or part of matured SSIA funds up to end October 2006 is 3,105.