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Dáil Éireann díospóireacht -
Thursday, 15 Jun 1995

Vol. 454 No. 5

Written Answers. - Tax Exemption Limits.

Thomas P. Broughan

Ceist:

35 Mr. Broughan asked the Minister for Finance the plans, if any, he has to increase the tax exemption limits for retired people in view of the low increase in this exemption in the 1995 budget. [11107/95]

I would remind the Deputy that this year's budget provided a special increase of £200 single/£400 married in the age related tax exemption limits to provide greater assistance to the elderly. This increase compares favourably with the £100 single/£200 married increase made in the general exemption limits for those under 65 years of age. The age related tax exemption limits currently stand at £4,300 single/£8,600 married for those aged between 65 and 74, and £4,900 single/£9,800 married for those age 75 and over. These exemption limits are well in excess of the social welfare contributory old age pension.

I wish to assure the Deputy that I will, in line with theProgramme for a Government of Renewal, continue the process of tax reform with particular emphasis on the low paid, including the elderly.
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