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
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
The purpose of the scheme, as designed, was that distributions would take place by the age of 75. Tax planning arrangements to defer that to a later age are not in accordance with the purpose of the scheme, as designed. It allows for tax planning and the avoidance of tax, and this is to deal with that issue.
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