Tuesday, 15 May 2018

Ceisteanna (170, 173)

Pearse Doherty

Ceist:

170. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be raised by reducing the tax free lump sum limit in circumstances (details supplied). [21197/18]

Amharc ar fhreagra

Pearse Doherty

Ceist:

173. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be raised by reducing the tax free lump sum limit from €200,000 to €150,000. [21200/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I propose to take Questions Nos. 170 and 173 together.

I am advised by Revenue that as there is no requirement to include data in tax returns in relation to tax free lumps of less than €200,000 (the current life-time limit on tax-free retirement lump sums), they have not been able to quantify the estimated yield for the Exchequer of the reduction of the tax free lump sum entitlement to the amounts outlined by the Deputy.