Oireachtas Joint and Select Committees
Thursday, 10 July 2025
Public Accounts Committee
2023 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure, National Development Plan Delivery and Reform
Vote 12 - Superannuation and Retired Allowances
Vote 39 - Office of Government Procurement
Vote 43 - Office of the Government Chief Information Officer
Chapter 3 - Vote accounting and budget management
2:00 am
Mr. David Moloney:
The large numbers relate to the chargeable excess tax for people who have a standard fund threshold of greater than €2 million. The legislative provisions for this are that the money can be paid by the employer but must be repaid over 20 years. The 20-year period is set out in legislation for that particular overpayment. It is not an immediate tax bill. It is the impact of the standard fund threshold on the pension that should be paid over the 20-year period.
No comments