Results 281-300 of 330 for prsa

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Written Answers — Community Employment Schemes: Community Employment Schemes (27 Feb 2007)

Éamon Ó Cuív: ...a contract basis and that no superannuation contributions are made in respect of such contracts. However, supervisors and participants are made aware that they can partake in pension funds such as PRSA and that Údarás can facilitate this option by deduction of the relevant amount and payment into the relevant pension funds. I have been informed that the person in question has referred...

Social Welfare and Pensions Bill 2007: Second Stage (20 Feb 2007)

Séamus Brennan: ...€12,697.38 to €25,000 for an indictable offence. It provides that fines imposed under the Act shall not be paid out of the resources of the scheme or trust RAC, or out of the assets of any PRSA, as the case may be. Part 3 of Schedule 2 to the Bill provides for a number of miscellaneous amendments which are mainly technical in nature, namely, the insertion of two new sections into the...

Written Answers — Special Savings Incentive Scheme: Special Savings Incentive Scheme (7 Feb 2007)

David Stanton: Question 196: To ask the Minister for Finance the take up rate on SSIA holders, who are taxed at 20%, of the PRSA incentive; the number of SSIA holders eligible for this scheme; the number who have availed of it; and if he will make a statement on the matter. [43276/06]

Written Answers — Pension Provisions: Pension Provisions (7 Feb 2007)

Brian Cowen: I am advised by the Revenue Commissioners that the taxpayer concerned is now aged over 75 and is thus precluded, in accordance with tax legislation, from making a tax allowable PRSA contribution. A tax credit certificate will be issuing to the taxpayer within the next number of days. Should he have any specific queries in regard to the other aspects of his tax affairs he should contact his...

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2006)

Tom Hayes: Question 8: To ask the Minister for Social and Family Affairs the number of PRSA holders; the percentage and number of the working population who have not made additional pension provision; the percentage and number of the working population who have additional pension coverage; the percentage of the working population who hold PRSAs; and if he will make a statement on the matter. [43277/06]

Written Answers — Pension Provisions: Pension Provisions (12 Dec 2006)

Séamus Brennan: ...payment from the Department to cover the cost of the National Pensions Awareness Campaign, sale of publications and a temporary subvention in respect of the costs of developing and regulating PRSAs. The last mentioned was put in place to cover costs pending the development of an adequate PRSA fee base. The Pensions Board does not maintain statistics on the assets of occupational pension...

Written Answers — Social Welfare Code: Social Welfare Code (23 Nov 2006)

Séamus Brennan: Social welfare legislation provides for PRSI refunds to be made on contributions to a personal retirement savings account (PRSA) or a retirement annuity contract (RAC) where the contributions are paid by an employed contributor i.e. an employee, or a self-employed worker who pays income tax through the PAYE system i.e. a proprietary director. In relation to additional voluntary contribution...

Written Answers — Pension Provisions: Pension Provisions (22 Nov 2006)

Brian Cowen: ...Revenue Commissioners that figures of contributions to "Retirement Annuity Contracts" (RACs), which are available to the self-employed and to employees not in occupational pension schemes, and to PRSAs, for the tax years 2001, 2002 and 2003 (the latest available) are as follows: Pension contributions relating to RACs and PRSAs Amount of deduction 2001 2002 2003 €m €m €m RACs...

Seanad: Pension Provisions. (9 Nov 2006)

Tom Parlon: ...generally provide members with the tax-free lump sum option, it is a matter for the pension scheme member, or the holder of a personal pension plan such as a personal retirement savings account, PRSA, or a retirement annuity contract, to decide to exercise the right to a tax-free lump sum. Instead, he or she may choose to take all of his or her entitlement as a pension or annuity which...

Written Answers — Special Savings Incentive Scheme: Special Savings Incentive Scheme (1 Nov 2006)

Brian Cowen: ...2006 Finance Act, provides an incentive for eligible SSIA holders on lower incomes to reinvest all or part of their net SSIA proceeds, after maturity, into an approved pension product, including a PRSA. It is primarily a savings scheme and is designed for people who are saving for retirement. The incentive involves a tax credit of €1 for every €3 of SSIA proceeds reinvested, up to a...

Written Answers — Tax Code: Tax Code (19 Oct 2006) See 1 other result from this answer

Richard Bruton: ...in employer pension schemes gaining pension tax relief; and the amount of contributions and claimants getting relief at the 20% rate and the 42% rate; the cost and numbers of people claiming under PRSA schemes; and the amount of contributions and claimants receiving relief at the 20% rate and at the 42% rate. [33808/06]

Written Answers — Pension Provisions: Pension Provisions (18 Oct 2006)

Willie Penrose: ...his views on the proposals of the Irish Association of Pension Funds in relation to the tax on ARF's, that the ARF and AMRF retirement options be extended to direct contribution schemes to protect PRSA holders with lower pension savings while still closing off the loophole for high net worth individuals; and if he will make a statement on the matter. [33104/06]

Pension Provisions. (18 Oct 2006)

Seán Power: ...HSE southern area that there are no plans to change the employer-employee relationship. The hospital, as an employer, is legally obliged to provide access to personal retirement savings accounts, PRSAs, for their employees. Employers are not obliged to contribute to a PRSA but must provide access for employees so that the employees can contribute if they wish to do so. The management of...

Written Answers — Pension Provisions: Pension Provisions (10 Oct 2006)

Séamus Brennan: ...in occupational and private pension arrangements so that they can, when they retire, maintain their pre-retirement standard of living. These include Personal Retirement Savings Accounts (PRSAs), mandatory employer PRSA access where occupational schemes are not available, and an ongoing National Pensions Awareness Campaign run by The Pensions Board. Because of the lower than average...

Written Answers — Tax Code: Tax Code (27 Sep 2006) See 1 other result from this answer

Richard Bruton: ...in defined contribution schemes are obliged to invest the residue in an annuity; the further reason a different option of investing in a flexible retirement fund is available to persons with PRSA; and the cost of allowing participants in defined contribution schemes the choice of purchasing an annuity or participating in a fund. [29018/06]

Written Answers — Financial Services Regulation: Financial Services Regulation (27 Sep 2006)

Brian Cowen: ..., the Financial Regulator has no role or powers in setting the charges or price of investment products. However, in the case of products for pension purposes, the maximum charges on standard PRSAs cannot exceed 5% of contributions paid and 1% of the PRSA assets. If the Deputy considers that commissions are being inappropriately charged in any specific instances, she should bring the...

Written Answers — Departmental Bodies: Departmental Bodies (30 May 2006)

Séamus Brennan: ..., the Social Welfare Tribunal, and the Family Support Agency. Pensions Board The Pensions Board was established to regulate occupational pension schemes and Personal Retirement Savings Accounts (PRSAs) in Ireland as part of its statutory role to monitor and supervise the operation of the Pensions Act. Under the Pensions Act the functions of the Board are to — monitor and supervise the...

Seanad: National Pensions Reserve Fund: Motion. (3 May 2006)

Margaret Cox: ...own pension while in a position to do so. The responsibility is on individuals and on the organisations they work for in terms of promoting the various schemes, whether a contributory pension or PRSAs. Employers must get the information across and must encourage employees to undertake a PRSA and begin saving in that way. We are not getting the message across. Some 76,000 employers have set...

Seanad: Finance Bill 2006 [Certified Money Bill]: Second Stage. (28 Mar 2006)

Brian Cowen: ...by transferring moneys from their SSIA accounts into pensions. A sum of €1 will be added for every €3 transferred from an eligible SSIA account into a personal retirement savings account, PRSA, a retirement annuity contract or an additional voluntary contribution, AVC, subject to a maximum bonus of €2,500. In addition, the exit tax to be paid on the SSIA moneys so transferred into...

Finance Bill 2006: Report Stage. (7 Mar 2006)

Joan Burton: ..., they will probably be able to pass these funds on tax free to their spouses and, in turn, children. Only 52% of the population have made provision for a pension. The complexity of signing up to a PRSA and the fact that various financial institutions rip off small savers and investors by applying high costs to products such as PRSAs indicate that the tax system is tilted strongly in...