Results 121-140 of 330 for prsa

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Written Answers — Department of Social Protection: Pension Provisions (10 Nov 2016)

Leo Varadkar: ...Act 1990 employers and trustees have obligations in respect of the remittance of contributions. Under Section 58A of the Act (occupational pension scheme/trust RACs) and Section 121 of the Act (PRSAs), the employer must ensure that all contributions deducted from the employees’ pay are paid to the trustee/PRSA Provider within 21 days of the end of the month in which the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016) See 1 other result from this debate

Michael Noonan: ...contracts, RACs, by professional sportspeople from a later reduction in income arising from a claim under this relief. However, this is not the case for personal retirement savings accounts, PRSAs. As a result, a sportsperson who takes out a PRSA could be disadvantaged over a sportsperson who takes out a retirement annuity contract. The amendment provides that PRSAs are afforded equal...

Finance Bill 2016: Second Stage (25 Oct 2016)

Michael Noonan: ...the viability of the fishing sector. This will allow those who spend at least 80 days fishing at sea in a tax year to claim an additional income-tax credit of €1,270 per annum. Section 6 makes a technical amendment to the sportspersons' relief to provide that contributions to PRSAs are treated in the same manner as other pension products. The extension of the home renovation...

Written Answers — Department of Social Protection: Social Welfare Benefits Eligibility (6 Oct 2016)

Leo Varadkar: 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 tax/USC payable on earnings. The purpose of the current means-testing arrangements is to ensure that the maximum amount of payments go to the people...

Written Answers — Department of Finance: Stamp Duty (24 May 2016)

Michael Noonan: ...from the e-stamping system, to populate these registers. The e-stamping system is in operation since 30 December 2009. There is currently no legal basis which would enable Revenue to supply to the PRSA any detailed data which is not captured by the e-stamping system without potentially infringing taxpayer confidentiality. I understand from Revenue that the data held prior to 2010 is also...

Committee on Housing and Homelessness: Institute of Professional Auctioneers and Valuers (3 May 2016)

...take and who not to take. The point I am making is that the auctioneer is acting on instructions. The auctioneer has to do what he or she is told because we have a contract with that person - a PRSA contract, which is a legally binding document from the PRSA - so we have to get the best price possible when selling a house or when renting a house. If we do not, we can be hauled up and...

Joint Oireachtas Committee on Education and Social Protection: The Pensions Authority: Chairperson Designate (27 Jan 2016) See 1 other result from this debate

...appear before the committee and set out my views. I will begin by saying a few words about the Pensions Authority. The authority supervises compliance with the Pensions Act by scheme trustees, PRSA providers, registered administrators and employees representing 150,000 schemes with 730,000 active members holding more than €80 billion in investment assets and more than 226,000...

Written Answers — Department of Finance: Pension Provisions (2 Dec 2015)

Michael Noonan: The transfer of an occupational pension scheme member's pension fund benefits or a Personal Retirement Savings Accounts (PRSAs) contributor's PRSA assets to an overseas pension arrangement is permitted, subject to the transfer complying with the Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer Payments) Regulations, 2003 (the Regulations) and Revenue...

Written Answers — Department of Social Protection: Community Employment Schemes Operation (26 Nov 2015)

Kevin Humphreys: ...(CE Sponsor) and the employee (supervisor). Employers (including CE Sponsoring Organisations) are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE sponsoring organisations were informed of their responsibilities under this Act at that time. CE supervisors may also qualify for the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015) See 2 other results from this debate

Michael McGrath: .... Section 787J of Chapter 2A of the Principal Act (as inserted by the Pensions (Amendment) Act 2002) is amended by the repeal of subsection (3).”. This amendment relates to the taxation treatment of PRSAs, personal retirement savings accounts, which were introduced in 2002. There are two points at which PRSAs are severely disadvantaged when compared to normal occupational pension...

Finance Bill 2015: Second Stage (4 Nov 2015) See 1 other result from this debate

Michael McGrath: ...the €150,000 annual investment limit for individuals, removing EII from the high earners' restriction permanently, providing full income tax, USC and PRSI relief in the year of investment and excluding EII shares from the charge to CAT. There are currently two points at which personal retirement savings accounts are disadvantaged when compared with occupational pension schemes....

Written Answers — Department of Social Protection: Public Sector Staff Remuneration (30 Sep 2015)

Joan Burton: ...(CE Sponsor) and the employee (Supervisor). Employers (including CE Sponsoring Organisations) are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE sponsoring organisations were informed of their responsibilities under this Act at that time. CE Supervisors may also qualify for the State...

Written Answers — Department of Social Protection: Carer's Allowance Applications (22 Sep 2015)

Joan Burton: ...from another country. In calculating means from employment for the carer and their spouse, civil partner or cohabitant, deductions are allowed for Employee PRSI, Superannuation, AVC, PRSA, Union dues and reasonable travel costs. If a carer is married, in a civil partnership or cohabiting, the first €665.00 of the combined weekly income is disregarded, when assessing...

Written Answers — Department of Social Protection: Pension Provisions (15 Jul 2015)

Kevin Humphreys: ...companies are reliant on State funding. Employers (including CE Sponsoring Organisations) are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE Sponsoring Organisations were apprised of their responsibilities under this Act at that time. CE Supervisors may also qualify for the State...

Written Answers — Department of Social Protection: Community Employment Schemes Funding (14 Jul 2015)

Kevin Humphreys: ...the individuals concerned as employees must also be considered. Employers (including CE Sponsoring Organisations) are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE sponsoring organisations were informed of their responsibilities under this Act at that time. It should also be noted that...

Written Answers — Department of Social Protection: Community Employment Schemes Funding (7 Jul 2015)

Kevin Humphreys: ...costs, from within existing funding levels. Employers (including CE Sponsoring Organisations) are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE Sponsoring Organisations were apprised of their responsibilities under this Act at that time. CE Supervisors may also qualify for the...

Written Answers — Department of Social Protection: Community Employment Schemes Operation (30 Jun 2015)

Kevin Humphreys: ...), provided they satisfy the means test. Additionally, employers (including CE Sponsoring Organisations) are legally obliged to offer accessto at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE Sponsoring Organisations were apprised of their responsibilities under this Act at that time.

Written Answers — Department of Finance: Tax Code (25 Jun 2015)

Michael Noonan: Tax relief on pension contributions by or behalf of employees to occupational pension schemes and by employees or individuals to pension arrangements such as Personal Retirement Savings Accounts (PRSAs) or Retirement Annuity Accounts (RACs) is limited each year by reference to the annual earnings of the employee or individual (subject to an annual earnings cap of €115,000) which...

Written Answers — Department of Finance: Tax Code (24 Jun 2015)

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...

Written Answers — Department of Social Protection: Pension Provisions (23 Jun 2015)

Kevin Humphreys: Employers (including CE Sponsoring Organisations) are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. All CE Sponsoring Organisations were apprised of their responsibilities under this Act at that time. CE Supervisors may also qualify for the State Pension at 66 years of age. If they have accrued...