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Finance Bill 2006: Second Stage. (7 Feb 2006)

Joan Burton: ...that benefit, or a great deal of it, and rip off lower income SSIA-holders. His colleague, the Minister for Social and Family Affairs, Deputy Brennan, knows well that one of the reasons the PRSA structure has fallen flat is that it is so costly for low income earners to enter that they perceive no benefit in doing so. Section 2 of the Bill sets out the standard rate bands and increases for...

Finance Bill 2006: Second Stage. (7 Feb 2006)

Brian Cowen: ...by transferring moneys from their SSIA accounts into pensions. A total 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...

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