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Pension Levy

Dáil Éireann Debate, Thursday - 17 July 2014

Thursday, 17 July 2014

Questions (102)

Michael McGrath

Question:

102. Deputy Michael McGrath asked the Minister for Finance if he will set out in tabular form the yield in each year since 2011 from the pension fund levy; the yield to date in 2014; and if he will make a statement on the matter. [32446/14]

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Written answers

I am informed by the Revenue Commissioners that receipts to date from the 0.6% Stamp Duty levy on pension fund assets, introduced in the Finance (No. 2) Act 2011, are as follows:

Year

Yield (€ million)

2011

463

2012

483

2013

535

The deadline date for payment this year of the Pension Fund Levy and of the additional 0.15% levy on pension funds introduced in Budget 2014 is 25 September 2014. The combined forecast yield is €675 million.

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