Results 21-40 of 65 for prsa speaker:Michael Noonan

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Written Answers — Department of Finance: Tax Exemptions (15 Apr 2015)

Michael Noonan: ...1 January 2014) for SFT/PFT purposes was increased from a factor of 20 to a range of higher age related factors that vary with the individual's age at the point at which the pension benefits are drawn down. (Section 18 Finance (No. 2) Act 2013). - Vested PRSAs (i.e. personal retirement savings accounts in respect of which benefits have commenced) were brought within the imputed...

Written Answers — Department of Finance: Pension Provisions (5 Mar 2015)

Michael Noonan: ...may fall foul of the conditions under which a pension scheme was approved by the Revenue Commissioners as an exempt approved scheme or the conditions under which a Personal Retirement Savings Account (PRSA) product received Revenue approval.  This could result in the withdrawal of the approval of an occupational pension scheme in accordance with the provisions of section 772(5) of the...

Written Answers — Department of Finance: Revenue Commissioners Investigations (26 Feb 2015)

Michael Noonan: ...may fall foul of the conditions under which a pension scheme was approved by the Revenue Commissioners as an exempt approved scheme or the conditions under which a Personal Retirement Savings Account (PRSA) product received Revenue approval.  This could result in the withdrawal of the approval of an occupational pension scheme in accordance with the provisions of section 772(5) of the...

Written Answers — Department of Finance: Tax Code (4 Feb 2015)

Michael Noonan: ...of Irish tax legislation may fall foul of the conditions under which the pension scheme was approved by the Revenue Commissioners as an exempt approved scheme or the conditions under which a PRSA product received Revenue approval.  This could result in the withdrawal of the approval of an occupational pension scheme in accordance with the provisions of section 772(5) of the Taxes...

Written Answers — Department of Finance: Pension Provisions (27 Jan 2015)

Michael Noonan: A Personal Retirement Savings Account (PRSA) is an easy access private pension savings vehicle designed to allow individuals save for retirement flexibly. PRSAs may be taken out by anyone, regardless of employment status, are transferable from job to job and are available from a variety of authorized providers. However, they have particular relevance for those who are not members of...

Written Answers — Department of Finance: Pension Provisions (2 Dec 2014)

Michael Noonan: ..., it is not possible to provide the data requested by the Deputy. Separate tax collection data is available on the tax paid by QFMs on imputed or notional distributions from ARFs and "vested" PRSAs. The deemed or imputed distribution arrangements were introduced in Budget and Finance Act 2006 to encourage drawdowns from ARFs and 'vested' PRSAs (to which the notional distribution...

Written Answers — Department of Finance: Tax Yield (18 Nov 2014)

Michael Noonan: I assume the Deputy is referring to the annual rate of imputed distribution applying to Approved Retirement Funds (ARFs) and vested PRSAs which is being reduced next year from 5% to 4% of the value of the assets in the ARF/vested PRSA where the value is €2 million or less and the owner is not aged 70 years or over for the whole of a tax year. Where the owner is aged 70 or over for the...

Written Answers — Department of Finance: Tax Exemptions (15 Jul 2014)

Michael Noonan: ...excluded from the scope of the DWT. The categories of persons excluded from DWT under this section include: - Irish resident companies; - pension schemes, managers of approved retirement funds and PRSA administrators; - qualifying employee share ownership trusts; - collective investment funds and exempt unit trusts; - managers of special savings accounts and special portfolio investment...

Written Answers — Department of Finance: Residential Property Prices Register (10 Jul 2014)

Michael Noonan: ...on returns  to ensure correction and with a view to improving future accuracy.  To date  the level of inaccuracy identified, whether  through complaints made to Revenue by property owners (directly or through the  PRSA) or through their own compliance checks, has not been at a level that would indicate a significant level of inaccuracy, with some 250 complaints...

Other Questions: Pensions Legislation (8 Apr 2014)

Michael Noonan: ...draw down, on a once-off basis, up to 30% of the accumulated value of AVCs. The provisions also apply to AVCs made to personal retirement savings accounts. Administrators of AVC funds, including PRSA administrators, are required to provide within 15 working days of the end of each quarter, commencing with the quarter ending on 30 June 2013, certain statistical information to the Revenue...

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael Noonan: ...off basis, up to 30% of the accumulated value of Additional Voluntary Contributions (AVCs). This provision includes additional voluntary contributions made to Personal Retirement Savings Accounts (PRSAs). Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each quarter, commencing with the quarter ending on 30 June...

Written Answers — Department of Finance: Pension Provisions (19 Feb 2014)

Michael Noonan: ...pension schemes with a three-year window of opportunity to draw down, on a once-off basis, up to 30% of the accumulated value of certain AVCs made by them, including additional voluntary PRSA contributions made to AVC PRSAs. I understand that pension retirement bonds, otherwise known as Buy-out-Bonds (BoBs), are single premium insurance policies effected by the trustees of an...

Written Answers — Department of Finance: Pension Provisions (19 Dec 2013)

Michael Noonan: ...March 2013 during which they can opt to draw down, on a once off basis, up to 30% of the accumulated value of additional voluntary contributions (AVCs). This provision includes additional voluntary PRSA contributions made to AVC PRSAs. Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each quarter, commencing with the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: ...amends AVC access provision legislated for in the Finance Bill 2013 to address concerns that the existing override arrangements contained in the legislation may not give pension scheme trustees and PRSA administrators sufficient scope to allow such withdrawals where a trust scheme’s rules or a PRSA’s contract terms prohibit them. The amendment specifically provides that the...

Written Answers — Department of Finance: Additional Voluntary Contributions (8 Oct 2013)

Michael Noonan: ...March 2013 during which they could opt to draw down, on a once off basis, up to 30% of the accumulated value of additional voluntary contributions (AVCs). Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each quarter, commencing with the quarter ending on 30 June 2013, certain statistical information to Revenue in...

Written Answers — Department of Finance: Pension Provisions (26 Sep 2013)

Michael Noonan: ...pension schemes with a three-year window of opportunity to draw down, on a once-off basis, up to 30% of the accumulated value of certain AVCs made by them, including additional voluntary PRSA contributions made to AVC PRSAs. This is a restricted measure which enables rather than incentivises individuals to access part of their pension savings beyond their regular or compulsory pension...

Written Answers — Department of Finance: Pension Provisions (26 Sep 2013)

Michael Noonan: ...27 March 2013 during which they can opt to draw down, on a once off basis, up to 30% of the accumulated value of additional voluntary contributions (AVCs). Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each quarter, commencing with the quarter ending on 30 June 2013, certain statistical information to Revenue in...

Written Answers — Department of Finance: Pension Provisions (9 Jul 2013)

Michael Noonan: ...pension schemes with a three-year window of opportunity to draw down, on a once-off basis, up to 30% of the accumulated value of certain AVCs made by them, including additional voluntary PRSA contributions made to AVC PRSAs. This is a restricted measure which enables rather than incentivises individuals to access part of their pension savings beyond their regular or compulsory pension...

Written Answers — Department of Finance: Pension Provisions (11 Jun 2013)

Michael Noonan: ...pension schemes with a three-year window of opportunity to draw down, on a once-off basis, up to 30% of the accumulated value of certain AVCs made by them, including additional voluntary PRSA contributions made to AVC PRSAs. Where AVCs are subject to a pension adjustment order, both parties to the order may exercise the option independently in respect of their respective...

Written Answers — Department of Finance: Pension Provisions (23 May 2013)

Michael Noonan: ...that a possible scenario in which such a situation could arise would be where, in addition to paying contributions to an occupational pension scheme, an individual is also making contributions to a PRSA (other than to an AVC PRSA associated with the occupational pension scheme). A PRSA can be effected by anyone with or without a source of relevant earnings, which, in the context of PRSAs,...