Paul McAuliffe
Question:232. Deputy Paul McAuliffe asked the Minister for Finance his plans to review the pension levy imposed on retired Aer Rianta workers; and if he will make a statement on the matter. [2866/23]
View answerTuesday, 24 January 2023
Questions (232)
Written answers
I assume the pension levy the Deputy is referring to is the levy which was charged on pension schemes from 2011 to 2015 in accordance with section 125B of the Stamp Duties Consolidation Act 1999.
The levy was introduced in the wake of the financial crash, at a time when the economy was in very serious difficulties. It was charged on the market value of assets in pension schemes held on 30 June in each year at a rate of 0.6% (2011 to 2013), 0.75% (2014) and 0.15% (2015) and was discontinued from 2016.
Liability for the levy rested with trustees of pension schemes and others responsible for the management of pension fund assets.