Kevin Humphreys
Ceist:155. Deputy Kevin Humphreys asked the Minister for Finance the projected yield in 2014 if the pension levy of 0.6% was extended for a year; and if he will make a statement on the matter. [41932/13]
Amharc ar fhreagraTuesday, 8 October 2013
Ceisteanna (155)
Freagraí scríofa
The 0.6% levy on pension fund assets was introduced in 2011 for a period of 4 years in order to pay for the Jobs Initiative introduced by the Government in that year. The levy will therefore apply for a further year in 2014 for that purpose. On its introduction, the projected yield from the levy was estimated at €470 million in each of the 4 years. The actual yield can vary from year to year due, for example, to fluctuations in pension fund asset values.