Written answers

Tuesday, 28 June 2011

8:00 pm

Photo of Terence TerenceTerence Terence (Dublin North East, Fine Gael)
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Question 119: To ask the Minister for Finance the total number of applications (details supplied) received by the Revenue Commissioners, total value, range in amounts, split between number private, public sector and self employed. [17356/11]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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The total number of Personal Fund Threshold applications received to date is 1,200. The majority of these were received in the first week in June and as each case has to be examined individually to ascertain the correct PFT amount, the information requested in relation to all the applications is not available at this stage. Revenue officials are working through the applications in order of receipt and to date 363 certificates have been issued with a total value of €1,164,746,570.63.

Of the 363 certificates issued to date:

- 192 have a value between €2.3 and €3 million.

- 113 have a value between €3 and €4 million.

- 58 have a value between €4 and €5.418 million.

The split between sectors is as follows:

- Private sector 296

- Public sector (including semi-state) 59

- Self-employed 8

Of the 59 public sector cases, one third also includes self-employed/private practice pension funds.

Seventeen certificates have been issued for the maximum amount, i.e. €5.418 million; these are all private sector. The average value of the issued PFT certificates is €3.2 million.

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