Pension Provisions

Dáil Éireann Debate, Wednesday - 18 September 2013

Wednesday, 18 September 2013

Questions (186)

Seán Fleming

Question:

186. Deputy Sean Fleming asked the Minister for Finance his plans to refund the pension levy deducted from pension funds in view of the new requirements which show many of them to be in an actual deficit situation; the way this levy may continue to be deducted from these funds; and if he will make a statement on the matter. [37441/13]

Written answers

Minister for Finance

The 0.6% pension fund levy which applies to the value of assets under management in pension funds and pension plans approved under Irish tax legislation and which is being used to fund the Government’s Jobs Initiative introduced in 2011 will operate for 4 years. I have no plans to refund the levy as outlined in the Deputy’s question.