Dáil Éireann Debate, Wednesday - 2 November 2011
41 Deputy Michael McGrath asked the Minister for Finance the amount of money collected to date on the pension levy introduced in the jobs initiative; and if he will provide details of any amount which it is believed remains outstanding for payment in respect of the 2011 liability. [32427/11]
View answerI am informed by the Revenue Commissioners that receipts from the temporary 0.6% stamp duty levy on pension fund assets introduced in the Finance (No. 2) Act 2011 amounted to €463 million by the end of October. This compares to a projected annual yield from the levy of €470 million. I am also advised by the Commissioners that they are aware of a small number of pension schemes in respect of which the levy remains outstanding. The amounts involved are, however, unlikely to make any significant difference to the latest yield figure mentioned above.
