Dáil Éireann Debate, Wednesday - 15 July 2015
40. Deputy Seamus Healy asked the Tánaiste and Minister for Social Protection further to Parliamentary Question No. 38 of 8 July 2015, if she will examine the policy, budgetary and operational implications of the family income supplement with a view to amending the regulation accordingly; and if she will make a statement on the matter. [29240/15]
View answerAs I explained in my answer to the Deputy’s previous question of 8th July 2015, under current Social Welfare regulations, only superannuation deductions made through an employee’s salary, under the PAYE system, are allowable as deductions from gross income for FIS purposes.
The definition of weekly family income for FIS purposes is provided for in Section 227 of the Social Welfare Consolidation Act 2005 (as amended). This section of the Act also defines the items, payable under the PAYE system, which are deductible from weekly family income in order to arrive at net assessable income.
One of the deductible items from gross income, for FIS purposes, are allowable contributions to certain superannuation funds and schemes as referred to in Regulations 41 and 42 of the Income Tax (Employments) (Consolidated) Regulations 2001 (S.I. No. 559 of 2001).
Within these income tax regulations, an allowable contribution means a contribution payable by an employee and deductible by an employer from emoluments for the employee.
Consideration of any change to the Social Welfare Legislation in this regard would have to be in a budgetary context.
