Tax Reliefs Cost

Dáil Éireann Debate, Tuesday - 21 October 2014

Tuesday, 21 October 2014

Ceisteanna (250)

Michael McGrath

Ceist:

250. Deputy Michael McGrath asked the Minister for Finance the saving to the State in terms of pension tax relief in 2015 from the reduction in the marginal tax rate to 40%; and if he will make a statement on the matter. [40446/14]

Freagraí scríofa

Minister for Finance

I am informed by the Revenue Commissioners that the yield in terms of reduced pension tax relief from a reduction in the marginal rate of tax from 41% to 40% is tentatively estimated to be €17 million in a full year.