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Pension Provisions.

Dáil Éireann Debate, Tuesday - 6 December 2005

Tuesday, 6 December 2005

Ceisteanna (205)

Richard Bruton

Ceist:

246 Mr. Bruton asked the Minister for Finance his views on whether it would be timely to review the linking of lump sum payments from pension funds to retirement age and instead allow the lump sum to be paid at 65 leaving persons the option to work on beyond this age if they wish. [38016/05]

Amharc ar fhreagra

Freagraí scríofa

I take it that the Deputy is referring to the tax rules which in general restrict the payment of benefits, including the tax free lump sum at any time before the individual's retirement from the employment in question. I refer the Deputy to the longstanding practice of Ministers for Finance not to comment on what may or may not be contained in upcoming budgets. I do not intend to depart from that approach.

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