Results 241-260 of 330 for prsa

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Written Answers — Social Welfare Code: Social Welfare Code (1 Jul 2010)

Éamon Ó Cuív: ..., up to a maximum of €60 per week, is disregarded from the average net weekly earnings, and 60% of the balance assessed. Net earnings are gross earnings less deductions for PRSI, superannuation/PRSA contributions and union dues. Prior to September 2007, earnings from employment were assessed as follows: - Where a person had one or more qualified children, 60% of the average net weekly...

Written Answers — Tax Code: Tax Code (15 Jun 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 tables following this reply...

Written Answers — Social Welfare Benefits: Social Welfare Benefits (11 May 2010)

Éamon Ó Cuív: ...the parents' income. Parental income includes income from all sources including most social welfare payments. Deductions are allowed for income tax, pension levy, income levy, PRSI, superannuation/PRSA contributions, private health insurance contribution, union dues and rent/mortgage payments. An additional €600 per week is disregarded in the case of a two parent family and 34% of the...

Written Answers — Pension Provisions: Pension Provisions (29 Apr 2010)

Brian Lenihan Jnr: ...does not require schemes to allow AVCs, the Pensions (Amendment) Act, 2002 requires any employer whose pension arrangements do not include an AVC facility to offer access to at least one standard PRSA to be used for AVC purposes. As AVCs are voluntary, individuals can decide on the level of such contributions they wish to make and they may reduce or cease contributions at any time....

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Mary Hanafin: ...individual first accesses his or her pension benefits held in a personal retirement savings account, say by taking a tax-free lump sum, and opts to leave the remainder of the pension assets in the PRSA rather than purchasing an annuity with them or transferring to a NARF, the act of leaving the assets in the PRSA will itself constitute a benefit crystallisation event in its own right....

Written Answers — Departmental Agencies: Departmental Agencies (9 Feb 2010)

Dermot Ahern: ...statutory basis. The Property Services (Regulation) Bill 2009, which will give effect to this, is currently before the Houses of the Oireachtas awaiting Seanad Committee Stage. In the meantime, the PRSA continues to discharge appropriate functions on a non-statutory basis. The main functions of the new Authority include: Establishing and administering a comprehensive licensing system...

Written Answers — Departmental Agencies: Departmental Agencies (17 Dec 2009)

Mary Hanafin: ...N/A Citizens Information Board N/A Family Support Agency N/A Pensions Board The Pensions Board and the Revenue Commissioners are jointly responsible for the Personal Retirement Savings Account (PRSA) product approval process. The Pensions Board supervises the activities of providers in relation to their approved products and monitors compliance with the legislation regarding PRSAs. As...

Written Answers — Pension Provisions: Pension Provisions (8 Dec 2009)

Brian Lenihan Jnr: ...income before granting relief in respect of losses, capital allowances or 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 income levy that an individual must...

Written Answers — Tax Code: Tax Code (17 Nov 2009)

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 tables following this reply...

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that the person in question is in receipt of a tax credit in respect of their PRSA with Irish Life. If the person has any further queries they should contact: Mr Pearse Penney, South West Region, Revenue House, Cork. Telephone 021 6027266

Written Answers — Pension Provisions: Pension Provisions (8 Jul 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that as the individual in question is already a member of an Occupational Pension Scheme, he is not entitled to income tax relief in respect of PRSA contributions. The person in question was advised of this on 27th May 2009. If further clarification is needed, the individual may contact Mr. Pearse Penney, Revenue House, Blackpool, Cork (Tel...

Written Answers — Pension Provisions: Pension Provisions (30 Jun 2009)

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 2006. RACs and PRSAs are available to the self-employed and to employees not in occupational pension schemes. The information is set out in tables following this reply...

Seanad: Finance Bill 2009 (Certified Money Bill): Second Stage (28 May 2009)

Feargal Quinn: ...arrangements for their staff on a defined contribution basis for many years. According to this person, two models are available, the traditional approach introduced in 1972 and the newer group PRSA approach. It has taken time for the latter to become established, but it was designed by the Pensions Board to deliver transparent, simple, portable and flexible pensions. After years of...

Written Answers — Pension Provisions: Pension Provisions (26 May 2009)

Brian Lenihan Jnr: ...levy applies to all emoluments of an employment, including anything treated as a taxable benefit-in-kind. The position is that an employer contribution to a personal retirement savings account (PRSA) is chargeable to income tax in the hands of the employee as a benefit-in-kind under section 118 of the Taxes Consolidation Act 1997. As the income levy treatment follows the income tax...

Written Answers — Pension Provisions: Pension Provisions (20 May 2009)

Mary Hanafin: I understand that the Deputy is questioning what obstacles there may be in place for Personal Retirement Savings Account (PRSA) holders wishing to switch providers. Legislation covering the operation of PRSAs is detailed in Part X of the Pensions Act 1990. Specifically, Section 108 of that Act deals with transfers between PRSA providers. This section prevents obstacles to transfers by...

Written Answers — Pension Provisions: Pension Provisions (6 May 2009) See 1 other result from this answer

Joan Burton: Question 166: To ask the Minister for Finance his views on allowing people in financial difficulty through loss of employment or income to access a proportion of their AVC or PRSA contributions during the period of financial distress; and if he will make a statement on the matter. [17461/09]

Written Answers — Tax Code: Tax Code (26 Mar 2009)

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 2005. RACs and PRSAs are available to the self-employed and to employees not in occupational pension schemes. The information is set out in the following tables, which...

Seanad: Financial Emergency Measures in the Public Interest Bill 2009: Committee and Remaining Stages. (27 Feb 2009)

Jerry Buttimer: ...get to the punchline in a preambling sort of way. Somebody who is a contract researcher in an IT or university, who is not a contributor to the public sector pension scheme but who pays into a PRSA privately, is expected to pay the levy. Must all other employees in this sector, regardless of whether they contribute to the public sector pension scheme, have to pay the pension levy? If...

Written Answers — Social Welfare Code: Social Welfare Code (24 Feb 2009)

Mary Hanafin: ...apply depending on the source of the cash income. Where the spouse or partner of a claimant has earnings from employment, social insurance contributions, the health contribution, superannuation/PRSA contributions and trade union subscriptions are disregarded. €20 per day worked is then disregarded (up to a maximum of €60 per week) and 60% of the balance is assessed. The same...

Written Answers — Tax Code: Tax Code (5 Feb 2009)

Brian Lenihan Jnr: ...Exemption of investment income and gains of approved Superannuation Funds 1,200 Not available Retirement Annuity Contracts (RACs) 380 2006 data not available Personal Retirement Savings Accounts (PRSAs) 120 71,500 Estimated cost of tax relief on "tax-free" lump sum payments 130 Estimated cost of PRSI and Health Levy relief on employee and employer contributions 220 Not available...