The resolution reduces the exemption limit for persons aged under 65 years from €18,304 to €15,028. In recognition of the fact that some persons may have already availed of some element of the higher exemption limit of €18,304 in respect of payments of emoluments for the period to 30 April 2009, specific provision is made whereby such use of the exemption for that period will not give rise to an underpayment of the levy. For legal reasons it is necessary for the levy to be charged on an annual basis and, accordingly, a composite rate of the levy applicable for 2009 is set out in the resolution.

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