Dáil Éireann Debate, Tuesday - 28 February 2006
230 Mr. Boyle asked the Minister for Finance if he is satisfied that the promise in the Finance Bill 2006 in relation to low earning SSIA holders reinvesting their funds will also apply to social welfare recipients. [7997/06]
Amharc ar fhreagraIn order to be eligible to avail of the incentive, an SSIA holder must satisfy the following income conditions. The SSIA holder's gross income before all deductions in the year preceding the year of maturity of the SSIA cannot exceed €50,000 and none of that income can be chargeable to tax at the higher rate of 42%. A social welfare recipient, therefore, may qualify assuming that his or her social welfare income is his or her main income source.
