Results 41-60 of 322 for prsa

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Written Answers — Tax Code: Tax Code (21 Feb 2012)

Michael Noonan: I assume the Deputy is referring to the Universal Social Charge (USC) treatment of employer contributions to PRSAs and occupational pension schemes. The position is that the amount contributed by an employer to a PRSA is treated as a benefit-in-kind (BIK) in the income tax system and, therefore, is seen as the employee's own contribution and is subject to the USC in the same way as any other...

Written Answers — Social Welfare Code: Social Welfare Code (1 Jul 2010)

Éamon Ó Cuív: ..., up to a maximum of €60 per week, is disregarded from the average net weekly earnings, and 60% of the balance assessed. Net earnings are gross earnings less deductions for PRSI, superannuation/PRSA contributions and union dues. Prior to September 2007, earnings from employment were assessed as follows: - Where a person had one or more qualified children, 60% of the average net weekly...

Written Answers — Department of Finance: Pension Provisions (22 Jan 2013)

Michael Noonan: The transfer of an occupational pension scheme member’s pension fund benefits or a Personal Retirement Savings Account (PRSA) contributor’s PRSA assets to an overseas pension arrangement is permitted, subject to the transfer complying with the Department of Social Protection’s “Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer...

Written Answers — Pension Provisions: Pension Provisions (8 Dec 2005)

Brian Cowen: ...employed carers. First, an employee who is not in a Revenue approved occupational pension scheme may effect either: (a) a retirement annuity contract; or (b) a personal retirement savings account, PRSA, and claim tax relief, subject to certain restrictions, in respect of his or her contributions to such schemes. Second, where an employer has in place a Revenue approved occupational pension...

Written Answers — Department of Finance: Tax Code (6 Dec 2017)

Paschal Donohoe: I am advised by Revenue that in relation to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs), Part 30 of the Taxes Consolidation Act 1997 provides that individuals may draw down a maximum retirement lump sum of 25% of the accumulated value of their RAC or PRSA generally from age 60, but not later than age 75. For PRSAs linked to occupational pension schemes...

Seanad: Finance Bill 2014: Committee Stage (10 Dec 2014) See 1 other result from this debate

Simon Harris: ...Zappone would, if accepted, provide an exception from USC for employer contributions to personal retirement savings accounts. It is important to note that the tax treatment of contributions to PRSAs and the contribution and benefit limits that apply differ, in some respects, from the tax treatment and limits applying to occupational pension schemes. This reflects the fact that they are,...

Written Answers — Department of Finance: Tax Data (28 Sep 2021)

Paschal Donohoe: ...Schemes’, - ‘Employers’ Contributions to Approved Superannuation Schemes’, - ‘Exemption of Employers’ Contributions to BIK’, and - ‘Pension Contributions (Retirement Annuity and PRSA)’ . For the convenience of the Deputy, the following table sets out the relevant tax costs for 2018 as figures for 2019 and 2020 are not yet...

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2010)

Mary Coughlan: ..., where part-time teachers are paid by grant to the school, it is a matter for the management authority of the empoying school to make provision for access to a Personal Retirement Savings Account (PRSA) for such personnel. The management authority is not required to contribute to a PRSA.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015) See 1 other result from this debate

Michael McGrath: .... Section 787J of Chapter 2A of the Principal Act (as inserted by the Pensions (Amendment) Act 2002) is amended by the repeal of subsection (3).”. This amendment relates to the taxation treatment of PRSAs, personal retirement savings accounts, which were introduced in 2002. There are two points at which PRSAs are severely disadvantaged when compared to normal occupational pension...

Written Answers — Department of Finance: Pension Provisions (19 Dec 2013)

Michael Noonan: ...March 2013 during which they can opt to draw down, on a once off basis, up to 30% of the accumulated value of additional voluntary contributions (AVCs). This provision includes additional voluntary PRSA contributions made to AVC PRSAs. Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each quarter, commencing with the...

Pension Provisions. (27 Oct 2005) See 3 other results from this debate

Séamus Brennan: ...to include pensions on the agenda of national pay talks and partnership agreements and not focus only on workers' current requirements and pressures. A total of 55,000 people have taken out PRSAs. The number is growing steadily but is well below what it should be. The main reason for the slow uptake is that it is voluntary and employers are required to facilitate taking out a PRSA but not...

Seanad: Personal Insolvency Bill 2012: Report and Final Stages (11 Dec 2012)

...that Act; (b ) an annuity contract or a trust scheme or part of a trust scheme for the time being approved by the Revenue Commissioners under section 784 of the Taxes Consolidation Act 1997; (c ) a PRSA contract, within the meaning of section 787A of the Taxes Consolidation Act 1997, in respect of a PRSA product, within the meaning of that section; (d) a qualifying overseas pension plan...

Seanad: Personal Insolvency Bill 2012: Report and Final Stages (11 Dec 2012)

...that Act; (b ) an annuity contract or a trust scheme or part of a trust scheme for the time being approved by the Revenue Commissioners under section 784 of the Taxes Consolidation Act 1997; (c ) a PRSA contract, within the meaning of section 787A of the Taxes Consolidation Act 1997, in respect of a PRSA product, within the meaning of that section; (d) a qualifying overseas pension plan...

Personal Insolvency Bill 2012: From the Seanad (Resumed) (19 Dec 2012)

...Part 30 of that Act; (b) an annuity contract or a trust scheme or part of a trust scheme for the time being approved by the Revenue Commissioners under section 784 of the Taxes Consolidation Act 1997; (c) a PRSA contract, within the meaning of section 787A of the Taxes Consolidation Act 1997, in respect of a PRSA product, within the meaning of that section; (d) a qualifying overseas...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014) See 1 other result from this debate

Simon Harris: ...or value of the assets in the approved retirement fund, approved minimum retirement fund (or the aggregate of those amounts or values where the non-member has an approved retirement fund and an approved minimum retirement fund) or vested PRSA (or the aggregate of those amounts or values where the non-member has more than one vested PRSA), as the case may be, at the date the fund...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: ...Charge is applied to aggregate income before granting relief in respect of pension contributions. In this regard, an individual's personal contributions to a personal retirement savings account (PRSA), personal pension contribution, additional voluntary contribution or a retirement annuity contribution is disregarded for the purposes of determining the Universal Social Charge that an...

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael Noonan: ...off basis, up to 30% of the accumulated value of Additional Voluntary Contributions (AVCs). This provision includes additional voluntary contributions made to Personal Retirement Savings Accounts (PRSAs). Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each quarter, commencing with the quarter ending on 30 June...

Written Answers — Pension Provisions: Pension Provisions (15 Nov 2005)

Paul Connaughton Snr: Question 377: To ask the Minister for Social and Family Affairs if a person aged 55 years of age should be encouraged to contribute to the PRSA pension fund; and if he will make a statement on the matter. [34303/05]

Written Answers — Defence Forces Retirement Scheme: Defence Forces Retirement Scheme (29 Nov 2007) See 1 other result from this answer

Richard Bruton: Question 48: To ask the Tánaiste and Minister for Finance if Army officers are eligible to pay AVC's or pay into PRSA's; the reason these options do not apply; and when he expects to introduce the SPEARS system. [31810/07]

Written Answers — Pension Provisions: Pension Provisions (6 May 2009) See 1 other result from this answer

Joan Burton: Question 166: To ask the Minister for Finance his views on allowing people in financial difficulty through loss of employment or income to access a proportion of their AVC or PRSA contributions during the period of financial distress; and if he will make a statement on the matter. [17461/09]