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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Revenue Commissioners: Discussion (15 May 2024): Pearse Doherty: ...I have raised it a couple of times and we have received responses to parliamentary questions from the Department. I want clarity on the scenario. Can the director of an asset-rich company employ his or her son on the minimum wage, create a PRSA and put €2 million into it tax free? Would a person be able to claim €200,000 tax free and the other €300,000 at a rate of...
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Revenue Commissioners: Discussion (15 May 2024): Pearse Doherty: ...Finance in advance of the change with its recommendations and stated there were some concerns about the extent of the tax relief that might be claimed in respect of BIK-free employer contributions to a PRSA, given that PRSAs are not subject to benefit limits. We all know that, before the time I am talking about and with respect to a director who employed his son on a minimum wage, the...

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