Results 221-240 of 330 for prsa

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Written Answers — Tax Code: Tax Code (21 Feb 2012)

Michael Noonan: I assume the Deputy is referring to the Universal Social Charge (USC) treatment of employer contributions to PRSAs and occupational pension schemes. The position is that the amount contributed by an employer to a PRSA is treated as a benefit-in-kind (BIK) in the income tax system and, therefore, is seen as the employee's own contribution and is subject to the USC in the same way as any other...

Written Answers — Universal Social Charge: Universal Social Charge (11 Jan 2012)

Joan Burton: The earnings assessed for social assistance means testing purposes generally is based on earnings net of PRSI contributions, superannuation/PRSA contributions and trade union subscriptions. No account is taken in the calculation of any income taxes payable on earnings i.e. the assessment is based on gross earnings before tax. Given that the universal social charge is a tax, the impact of this...

Written Answers — State Agencies: State Agencies (16 Nov 2011)

Joan Burton: ...are largely financed by annual fees payable to it by occupational pension schemes (OPS) and by providers of Personal Retirement Savings Accounts. The estimated fee receipts for OPS is €3.2m and PRSA fees is €1.7m in 2011. Projected expenditure for 2011 is €5.5m. The allocation from the Department of Social Protection for the National Pension Awareness Campaign is €0.4m in 2011....

Written Answers — Pension Provisions: Pension Provisions (15 Nov 2011)

Michael Noonan: ...on pension accrued to date. Of course, if the trustees of the scheme have not yet decided whether to reduce benefits, no change would be shown. I further understand that there is no obligation on PRSA providers or on defined contribution scheme trustees to inform contributors specifically of the effect of any reduction in pension fund values on foot of the pension fund levy but that the...

Written Answers — Pension Provisions: Pension Provisions (21 Jul 2011)

Michael Noonan: ...to all pension scheme members including holders of Buy Out Bonds, as an alternative to annuity purchase. In the case of Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs), as an alternative to purchasing an annuity, the holders of such pension plans can, under the Approved Retirement Fund regime, exercise an option to take the remainder of their pension...

Written Answers — Tax Code: Tax Code (30 Jun 2011)

Michael Noonan: ...limited to, the following areas: ·Low paid income earners; ·Persons over 65; ·Medical Card Holders; ·Widows/Widowers; ·Self-employed; · Public Service Pensioners; ·Employer contribution to PRSA; and ·Any other issues (including any operational issues that have arisen in the administration of the charge). When the review is completed and the findings are presented to me, I will make...

Written Answers — Tax Collection: Tax Collection (16 Jun 2011)

Michael Noonan: ...On the question of the transfer of pension funds abroad generally, provision does exist in Irish legislation for the transfer of an occupational pension scheme member's pension fund benefits or a PRSA contributor's PRSA assets to an overseas arrangement. Such transfers are, however, subject to all of the relevant conditions being met. In that regard, such transfers have, in the first...

Seanad: Finance (No. 2) Bill 2011 (Certified Money Bill): Committee and Remaining Stages (16 Jun 2011)

Darragh O'Brien: ...or invested in property and so on. In respect of management charges, the Minister of State will be aware that in 2002 or shortly thereafter, on foot of the changes in pensions arising from the PRSA legislation, a fee cap under PRSA arrangements of a maximum fund value of 1% was introduced at the time. This had the effect of lowering management charges for existing schemes that were above...

Finance (No. 2) Bill 2011: Committee and Remaining Stages (9 Jun 2011)

Brian Hayes: I move amendment No. 17: In page 8, line 40, to delete "available" and substitute "available to the PRSA contributor". This is a technical amendment to paragraph (c) in the definition of "scheme" which relates to PRSAs. It simply clarifies that the lump sum referred to is a lump sum that has been paid or made available to the PRSA contributor.

Written Answers — Pension Provisions: Pension Provisions (12 May 2011) See 1 other result from this answer

Michael McGrath: Question 42: To ask the Minister for Finance his views on a matter (details supplied) regarding the PRSA pension option. [11031/11]

Written Answers — Ministerial Staff: Ministerial Staff (12 Apr 2011)

James Reilly: ...by the Deputy in relation to special adviser appointments is set out in the table below. Year Number of Special Advisors Employed CostGross Salary Paid (exclusive of Employer's PRSI and PRSA payments of 11%) Gender 1997 1 €7,209 M 1998 1 €50,227 M 1999 2 €34,000€7,764 MM 2000 4 €4,000€27,731€51,491€47,069 MFMF 2001 2 €56,172€51,348 MF 2002 3...

Written Answers — Pension Provisions: Pension Provisions (5 Apr 2011)

Joan Burton: ...are efficient and that activities are directed to the most important and effective means the Board adopts a supervisory approach based on a hierarchy of risk priorities as follows: 1. scheme or PRSA assets or contributions being misappropriated 2. benefit entitlements being calculated incorrectly 3. defined benefit schemes being funded inadequately 4. non compliant investment of pension...

Seanad: Finance Bill 2011 (Certified Money Bill): Report and Final Stages (29 Jan 2011)

David Norris: ...to second it. It is very much in line with what I have said earlier. There are a series of anomalies. The charge will hit the poorest and most vulnerable sections in society most strongly. The PRSA business was raised earlier. I have been briefed about people who will be brought into the tax net even though they are at or under the level at which a support from the State itself is...

Seanad: Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed) (29 Jan 2011) See 3 other results from this debate

Ciarán Cannon: I would just like to outline the context behind this amendment. These PRSAs were introduced in 2003 by the Pensions Board in an attempt to increase pension coverage across the whole working population. The idea was the lower paid and the self-employed would start making some provision for their pensions. The intention also was for PRSAs to supplement the State pension and to avert what...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: ...Charge is applied to aggregate income before granting relief in respect of pension contributions. In this regard, an individual's personal contributions to a personal retirement savings account (PRSA), personal pension contribution, additional voluntary contribution or a retirement annuity contribution is disregarded for the purposes of determining the Universal Social Charge that an...

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2010)

Mary Coughlan: ..., where part-time teachers are paid by grant to the school, it is a matter for the management authority of the empoying school to make provision for access to a Personal Retirement Savings Account (PRSA) for such personnel. The management authority is not required to contribute to a PRSA.

Written Answers — Departmental Agencies: Departmental Agencies (7 Dec 2010)

Éamon Ó Cuív: ...of Personal Retirement Savings Accounts.The budget includes a contribution by D/SP to Board's policy work in 2000 and 2001.The budget includes a contribution to Personal Retirement Savings Account (PRSA) costs in the period 2001-2007. This subvention ceased at the end of 2007.The budget includes an allocation for National Pension Awareness Campaign (NPAC) costs from 2003 to date. 2000: ...

Written Answers — Pension Provisions: Pension Provisions (10 Nov 2010)

Brian Lenihan Jnr: ...that the latest relevant information available is in respect of income tax relief allowed for contributions to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) for the income tax year 2007. RACs and PRSAs are available to the self-employed and to employees not in occupational pension schemes. The information is set out in the tables, which provide the...

Written Answers — Social Welfare Code: Social Welfare Code (19 Oct 2010)

Éamon Ó Cuív: ...if the income from the employment is less than the prescribed limit, the weekly means from employment are assessed as follows: gross weekly income is calculated (less disregards for superannuation/PRSA contributions, PRSI, the income levy, and trade union subscriptions). A disregard of €146.50 is then applied and half of the balance is assessed as means. The means that are applicable...

Written Answers — Departmental Bodies: Departmental Bodies (8 Jul 2010)

Éamon Ó Cuív: ...and by providers of Personal Retirement Savings Accounts. Includes contribution by D/SP to Board's policy work in period 1998 – 2001 Includes contribution to Personal Retirement Savings Account (PRSA) costs in period 2001 – 2007. This subvention ceased at the end of 2007. Includes allocation for National Pension Awareness Campaign (NPAC) costs from 2003. Agency/ Board Financial...