Written Answers Nos. 73 - 79
73. Deputy Michael McGrath asked the Minister for Finance the number of employees of Allied Irish Banks who were on salaries of between €100,000 and €200,000; €200,001 and €300,000; €300,001 and €400,000; and €400,001 and €500,000; and of over €500,000, at the end of December 2012; and if he will make a statement on the matter. [16132/15]
Amharc ar fhreagra74. Deputy Michael McGrath asked the Minister for Finance the number of employees of Bank of Ireland who were on salaries of between €100,000 and €200,000; €200,001 and €300,000; €300,001 and €400,000; and €400,001 and €500,000; and of over €500,000, at the end of December 2012; and if he will make a statement on the matter. [16133/15]
Amharc ar fhreagra75. Deputy Michael McGrath asked the Minister for Finance the number of employees of Permanent TSB who were on salaries of between €100,000 and €200,000; €200,001 and €300,000; €300,001 and €400,000; and €400,001 and €500,000; and of over €500,000, at the end of December 2012; and if he will make a statement on the matter. [16134/15]
Amharc ar fhreagraI propose to take Questions Nos. 73 to 75, inclusive, together.
As the Deputy will be aware the Review of Remuneration Practices & Frameworks at the Covered Institutions (the "Mercer Report") was published by my Department on 12th March 2013. The following breakdown of total salary and remuneration appears on page 43 of that review.
|
- |
AIB |
AIB |
BOI |
BOI |
|
Number of staff |
Salary |
Remuneration |
Salary |
Remuneration |
|
€300,000 - €399,999 |
7 |
11 |
20 |
34 |
|
€400,000 - €499,999 |
3 |
11 |
12 |
15 |
|
€500,000 or over |
0 |
0 |
6 |
11 |
Note 1: There are differences in data methodology, timing and exchange rates which account for differences in the data presented here and that shown in responses to parliamentary questions. Data for PTSB and IBRC is not shown for reasons of data protection. There is a whole host of additional disclosures in the report that give further detailed breakdowns of pay across the banks, in particular the chart on page 42 and the table on page 46 which shows a breakdown by institution by grade of the number of staff, their salary and total remuneration as follows:
|
|
|
AIB |
BoI(2), |
IBRC |
PTSB |
|
Chief Executive |
Number of employees |
1 |
1 |
1 |
1(4) |
|
Salary |
€425,000 |
€623,000(3) |
€500,000 |
€400,000 |
|
|
Total Remuneration |
€488,800 |
€776,400 |
€683,600 |
€460,000 |
|
|
Senior Executives (1) |
Number of employees |
8 |
8 |
7 |
9 |
|
Salary |
€327,200 |
€408,300 |
€365,100 |
€209,300 |
|
|
Total Remuneration |
€434,200 |
€517,400 |
€535,700 |
€269,600 |
|
|
Executives |
Number of employees |
118 |
103 |
46 |
20 |
|
|
Salary |
€174,800 |
€198,700 |
€184,100 |
€173,900 |
|
|
Total Remuneration |
€230,100 |
€251,800 |
€253,900 |
€220,100 |
|
Senior Manager / Manager |
Number of employees |
2,199 |
3,326 |
291 |
271 |
|
|
Salary |
€87,100 |
€76,800 |
€87,200 |
€83,000 |
|
|
Total Remuneration |
€108,300 |
€96,600 |
€115,600 |
€109,200 |
|
Assistant Manager / Senior Specialist |
Number of employees |
3,508 |
2,405 |
219 |
554 |
|
|
Salary |
€51,500 |
€49,800 |
€55,100 |
€52,700 |
|
|
Total Remuneration |
€62,300 |
€61,200 |
€61,900 |
€65,200 |
|
Senior Clerical / Specialist |
Number of employees |
1,584 |
3,617 |
237 |
518 |
|
|
Salary |
€44,100 |
€41,800 |
€40,400 |
€43,800 |
|
|
Total Remuneration |
€54,600 |
€49,900 |
€45,100 |
€54,900 |
|
Clerical |
Number of employees |
7,034 |
4,789 |
200 |
982 |
|
|
Salary |
€32,600 |
€29,600 |
€31,300 |
€30,000 |
|
|
Total Remuneration |
€37,300 |
€35,800 |
€34,500 |
€34,400 |
Notes:
1 The Leadership Team in AIB.
2 US employees are not included in the corporate grading structure and are therefore not included in this analysis.
3 Salary figures are net of a voluntary waiver where applicable.
4 2012 Chief Executive data extracted from responses to Parliamentary Questions.
76. Deputy Michael McGrath asked the Minister for Finance the number of staff employed by Allied Irish Banks at the end of 2014, and at the end of 2012. [16135/15]
Amharc ar fhreagra77. Deputy Michael McGrath asked the Minister for Finance the number of staff employed by Bank of Ireland at the end of 2014, and at the end of 2012. [16136/15]
Amharc ar fhreagra78. Deputy Michael McGrath asked the Minister for Finance the number of staff employed by Permanent TSB at the end of 2014, and at the end of 2012. [16137/15]
Amharc ar fhreagraI propose to take Questions Nos. 76 to 78, inclusive, together.
The number of staff employed by the banks at 31 December 2014 and 31 December 2012, on a full-time equivalent basis, were:
|
Bank |
31 December 2014 |
31 December 2012 |
Source |
|
Allied Irish Banks |
11,047 |
13,429 |
Bank annual reports |
|
Bank of Ireland |
11,086 |
13,091 |
Bank annual reports |
|
Permanent tsb |
2,321 |
2,110 |
2014 bank annual report; 2012 management confirmation |
In relation to the increase at Permanent TSB, management has confirmed that this arose following downsizing at the bank in 2012 to facilitate the building of a new Target Operating Model. As part of rebuilding the bank's capability, new roles were created and filled in 2013 and 2014. This included creation of the Asset Management Unit, a move into SME lending and an expansion of existing areas such as Product Management.
79. Deputy Denis Naughten asked the Minister for Finance if works covered under the housing adaptation grant for people with a disability are eligible under the home renovation incentive scheme in the case where they are funded by a family member; and if he will make a statement on the matter. [16165/15]
Amharc ar fhreagraAs the Deputy will be aware, the Home Renovation Incentive was introduced in Budget 2014 and will run until 31 December 2015. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. In the recent Budget I extended the scheme to include rental properties, whose owners are subject to income tax.
Qualifying expenditure is expenditure subject to the 13.5% VAT rate. The work must cost a minimum of €4,405 (exclusive of VAT) which would attract a credit of €595. Where the cost of the work exceeds €30,000 (exclusive of VAT) a maximum credit of €4,050 will apply. The credit is payable over the two years following the year in which the work is carried out.
The tax credit is only available to the homeowner and not to children or other individuals who may fund the works. However, as the Deputy has mentioned, a Housing Adaptation Grant for People with a Disability is available from local authorities. This scheme provides grant aid to applicants to assist in the carrying out of works that are reasonably necessary for the purposes of rendering a house more suitable for the accommodation needs of a person with a disability. The grant can assist with changes and adaptations to a home such as making it wheelchair accessible, extending it to create more space, adding a ground floor bathroom or toilet or installing a stair lift. This grant can cover up to 95% of the cost of works carried out, which is far more generous than the relief available under the Home Renovation Incentive.
Works which are grant-aided also qualify for the Home Renovation Incentive. Three times the value of the grant is deducted from overall expenditure, with any remainder attracting the tax credit of 13.5%. This is to align with best fiscal practice in that relief is not provided twice for the same expenditure.
It is worth noting that the deduction in respect of grant-aided work is not taken into consideration for the purposes of reaching the minimum spend threshold of €4,405, excluding VAT.
