Tuesday, 19 February 2013

Questions (264)

Finian McGrath

Question:

264. Deputy Finian McGrath asked the Minister for Finance the reason trade unions cannot put money into national solidarity bonds; and if anything can be done regarding same (details supplied). [8358/13]

View answer

Written answers (Question to Finance)

Trade unions can hold the National Solidarity Bonds subject to the common limits on holdings that apply to all holders. In respect of the 4-year National Solidarity Bond, the limit is €250,000 and in respect of the 10-year National Solidarity Bond the limit is also €250,000, bringing the overall maximum possible holding to €500,000.

Where a trade union wishes to place money in excess of €500,000 with the State, there are other Government savings products available from the National Treasury Management Agency (NTMA).