Results 1-4 of 4 for 5 million segment:2486320
- Finance Bill 2007: Report Stage (Resumed). (7 Mar 2007)
Dan Boyle: ...about the information I required. I sought information only on those who had made applications to the Department for pensions funds to be considered and awarded subsequent to the placing of the â¬5 million cap in the budget of 2006. The information the Minister gave me then which he outlined on Committee Stage was that 116 people had applied, of whom 74 or 75 had been given permission....
- Finance Bill 2007: Report Stage (Resumed). (7 Mar 2007)
Dan Boyle: The Minister is confusing two sets of figures, as my question was specifically on the number of people who applied after the imposition of the â¬5 million cap. There are more people in the system with personal pensions. While the answer given to me only referred to one person, namely, the person with the largest personal pension fund of â¬20 million, the Minister mentioned eight people....
- Finance Bill 2007: Report Stage (Resumed). (7 Mar 2007)
Joan Burton: ...refer to the small self-administered pension funds referred to as being small because they apply to an individual, not because they are small in size. However, hundreds exceeded the Minister's â¬5 million limit. If I recall the figures, he told Members that for someone earning a gross income of approximately â¬300,000, a pension fund of â¬5 million would be appropriate and possibly...
- Finance Bill 2007: Report Stage (Resumed). (7 Mar 2007)
Brian Cowen: ...if the higher rate of tax relief encouraged new contributors to pension schemes, which it is hoped it would. Having stated all this, I have no doubt the cost of this proposal would be hundreds of millions of euro. A similar proposal to the proposed amendment to the Finance Bill was brought forward by the Pensions Board in its national pensions review report published last year as a means...