Dáil Éireann Debate, Wednesday - 8 March 2017
133. Deputy Pearse Doherty asked the Minister for Finance the number of pension funds drawn down on retirement on which there was an initial drawdown, that had valuations (details supplied), in each of the years 2013 to 2016, in tabular form. [12226/17]
View answerSection 790AA of the Taxes Consolidation Act 1997 provides for the taxation of retirement lump sums, paid under various pension arrangements, that are above the specified tax-free limit of €200,000.
Revenue has advised me that its records are not maintained in a manner that facilitates the provision of the information in the tranches requested by the Deputy. However, the following table sets out the total number of relevant retirement lump sum payments (> €200,000) and the associated tax collected for the years 2013 to 2016.
Revenue has also confirmed that it holds no data in regard to retirement lump sums where the amounts paid were below the tax-free limit.
|
Year |
Total number of retirement lump sum payments > €200,000 |
Total tax paid (millions) |
|
2013 |
857 |
€14.4 |
|
2014 |
888 |
€12.2 |
|
2015 |
883 |
€14.8 |
|
2016 |
910 |
€13.2 |
