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

Patrick O'Donovan: To ask the Minister for Finance if the AVC withdrawal scheme introduced in Budget 2013 will cover PRSA's or if it is just occupational pensions; if it does not include PRSA's will it be included; and if he will make a statement on the matter. [6523/13]

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 Any amounts withdrawn will be subject to tax at the individual’s marginal rate.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...

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