Oireachtas Joint and Select Committees

Wednesday, 3 July 2024

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Motor Insurance Insolvency Compensation Bill 2024: Committee Stage

1:30 pm

Photo of Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

The ICF levy, to be clear, is a 2% levy and will then go down to 1%. We believe that one to be in the region of €135 million. When it reaches €150 million, it will reduce to 1%.

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