Results 41-60 of 65 for prsa speaker:Michael Noonan

Did you mean: pra speaker:209?

Written Answers — Department of Finance: Pension Provisions (30 Apr 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 "share" of the...

Written Answers — Department of Finance: Pension Provisions (17 Apr 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 (16 Apr 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...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: ...of that amount, if they have set aside in an AMRF a capital amount greater than €63,500, the amount above €63,500 immediately becomes an ARF. Similar provisions are made to deal with situations in which an individual retains his or her pension pot in a vested PRSA rather than exercising the ARF option. Deputy Doherty's amendments Nos. 6 to 10, inclusive, would deny these...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: ...of that amount, if they have set aside in an AMRF a capital amount greater than €63,500, the amount above €63,500 immediately becomes an ARF. Similar provisions are made to deal with situations in which an individual retains his or her pension pot in a vested PRSA rather than exercising the ARF option. Deputy Doherty's amendments Nos. 6 to 10, inclusive, would deny these...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)

Michael Noonan: ...b) Where on or after 6 February 2011 and before the date of passing of this Act one or more than one relevant option is exercised by an individual, or an individual has one or more than one vested PRSA, and in the exercise of the relevant option or options or in the vesting of the PRSA or PRSAs, an amount or value of assets is transferred to an approved minimum retirement fund (by way of...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)

Michael Noonan: I move amendment No. 35: In page 29, subsection (6), between lines 4 and 5, to insert the following:"(c) For the purposes of giving effect to paragraph (b)(ii)(II), where more than one vested PRSA has a ring-fenced amount the individual shall determine how much of each ring-fenced amount shall become a non ring-fenced amount.".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)

Michael Noonan: ...relation to an AVC fund, means the person or persons having the management of the scheme to which the relevant AVC contributions comprising the AVC fund have been made or, as the case may be, the PRSA administrator;".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)

Michael Noonan: I move amendment No. 23: In page 26, to delete lines 29 to 42 and substitute the following:" "(2C) A PRSA product (within the meaning of Part X of the Pensions Act 1990) approved under section 94 of that Act, shall not cease to be an approved product where, notwithstanding anything contained in the terms of the product as approved, the PRSA administrator makes an amount available from the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)

Michael Noonan: I move amendment No. 26: In page 27, to delete lines 43 to 45 and substitute the following:" "non ring-fenced amount", in relation to a vested PRSA, means the amount or value of assets in the vested PRSA that the PRSA administrator can make available to, or pay to, the PRSA contributor or to any other person;".Amendments Nos. 26 to 35, inclusive, all relate to section 16(6). As stated in...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)

Michael Noonan: ...reflect feedback received by my Department since the Bill was published. Amendment No. 16 corrects the omission of a reference in section 770(3) to the new Schedule 23C and sets out the information reporting requirements of PRSA administrators in respect of AVC access provision. Amendments Nos. 18 and 23 are similar in intent and are designed, as mentioned earlier, to get the AVC access...

Written Answers — Department of Finance: Pension Provisions (7 Feb 2013)

Michael Noonan: ...Contributions (AVCs) used to supplement their main scheme retirement benefits to withdraw up to 30% of the value of those contributions. The provisions will not apply to contributions made to a PRSA (other than additional voluntary contributions made by a scheme member to an AVC-PRSA product). Any amounts withdrawn will be subject to tax at the individual’s marginal rate. The option...

Written Answers — Department of Finance: Pension Provisions (22 Jan 2013)

Michael Noonan: The transfer of an occupational pension scheme member’s pension fund benefits or a Personal Retirement Savings Account (PRSA) contributor’s PRSA assets to an overseas pension arrangement is permitted, subject to the transfer complying with the Department of Social Protection’s “Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer...

Written Answers — Department of Finance: Property Valuations (20 Dec 2012)

Michael Noonan: .... In Autumn 2012, a national register of property values was published for the first time based on actual transactions in the years 2010 to 2012. The register is published by the Property Services Regulatory Authority (PRSA) based on Stamp Duty data from the Revenue Commissioners and is updated on an on-going basis. The distribution from the register results in a higher incidence of...

Written Answers — Department of Finance: Property Taxation (12 Dec 2012)

Michael Noonan: ...on data from the property price register; and: An approach based on the ESRI tax-benefit model ‘SWITCH’. The property price register published by the Property Services Regulatory Authority (PRSA) was not available at the time of the Thornhill Group report. The estimation approach in the Thornhill report was used to illustrate indicative yields only, using unpublished...

Written Answers — Department of Finance: Housing Statistics (11 Dec 2012)

Michael Noonan: ...Autumn 2012, a national register of property values was published for the first time based on actual transactions in the years 2010 to 2012. The register is published by the Property Services Regulatory Authority (PRSA) based on Stamp Duty data from the Revenue Commissioners and is updated on an on-going basis. The distribution from the register results in a higher incidence of higher...

Written Answers — Department of Finance: Pension Provisions (18 Oct 2012)

Michael Noonan: ...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 2009 income tax year. RACs and PRSAs are available to self-employed people and to employees who are not in occupational pension schemes. The information in the tables that follow this...

Written Answers — Pension Provisions: Pension Provisions (27 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 134 to 136, inclusive, together. The transfer of an occupational pension scheme member's pension fund benefits or a Personal Retirement Savings Account (PRSA) contributor's PRSA assets to an overseas pension arrangement is permitted, subject to the transfer complying with the Department of Social Protection's "Occupational Pension Schemes and Personal...

Written Answers — Pension Provisions: Pension Provisions (21 Mar 2012)

Michael Noonan: I understand that the question relates to the transfer of Irish pension funds abroad. The transfer of an occupational pension scheme member's pension fund benefits or a PRSA contributor's PRSA assets to an overseas arrangement is permitted subject to the transfer complying with the Department of Social Protection's "Occupational Pension Schemes and Personal Retirement Savings Accounts...

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...