Brendan Griffin
Question:260. Deputy Brendan Griffin asked the Minister for Finance his plans for the abolition of the private pension levy; and if he will make a statement on the matter. [5393/13]
View answerTuesday, 5 February 2013
Questions (260)
Written answers
The pension fund levy applies at a rate of 0.6% per annum to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The levy will operate for a period of 4 years only (2011 to 2014) and the legislative provisions giving effect to the levy (section 4 of Finance (No. 2) Act 2011) were specifically drafted to reflect this. I confirmed in my Budget 2013 Speech that the levy will not be renewed after 2014.