Denis Naughten (Roscommon-South Leitrim, Independent) | Oireachtas source

No. Deputy Olivia Mitchell may have to come in on this. If someone renews a policy with the VHI on 1 April, paying from his or her salary on a monthly basis, but finds on 1 June that Aviva has a better deal and moves, VHI will charge an exit fee and the 12-month, annualised figure for the levy. I understand the argument is that the VHI has already paid the levy to the Revenue Commissioners. Now that the Revenue Commissioners will receive the money on a quarterly basis rather than on an annual basis, will the penalty for someone exiting from the VHI be less than was the case heretofore?

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