Results 1-2 of 2 for 5 million segment:3752119
- Written Answers — Pension Provisions: Pension Provisions (27 May 2010)
Joan Burton: Question 65: To ask the Minister for Finance the estimate of the potential Exchequer savings on a 2011 and full year basis of reducing the â¬5.4 million limit on the size of a tax free pension fund to â¬1million, â¬2 million, â¬3 million, â¬4 million and â¬5 million; and if he will make a statement on the matter. [22421/10]
- Written Answers — Pension Provisions: Pension Provisions (27 May 2010)
Brian Lenihan Jnr: ...the Deputy is referring to the Standard Fund Threshold in respect of which Budget and Finance Act 2006 introduced a maximum allowable pension fund on retirement for tax purposes. A limit of â¬5 million was placed on the total capital value of pension benefits that an individual can draw upon in their lifetime from tax-relieved pension arrangements. This is known as the Standard Fund...