Oireachtas Joint and Select Committees
Thursday, 10 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
10:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
The imputed distribution is the same as an ARF. The legislation will deem a PRSA vested on the 75th birthday of the owner of the PRSA. The ARF has an imputed distribution of 4% at the age of 61 and 5% at the age of 71, but if the legislation forces it to be vested at 75, the 4% will not be applicable.
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