Results 1-4 of 4 for prsa speaker:Darragh O'Brien

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Seanad: Finance Bill 2014: Report and Final Stages (11 Dec 2014)

Darragh O'Brien: ...the following:“(b) in section 531AM(1)(b) to insert the following after paragraph (viii)—“(ix) where an individual is charged to income tax under section 112 in respect of a contribution to a PRSA (within the meaning of Chapter 2A of Part 30) by virtue of section 118(5), the amount of the contribution to the PRSA,”,”.This recommendation was discussed...

Seanad: Finance Bill 2014: Committee Stage (10 Dec 2014)

Darragh O'Brien: ...Stage that will be re-entered on Report Stage. An IT glitch meant some recommendations were not included, but they will be tabled again tomorrow. I worked in this industry and was there when PRSAs were first introduced. They are portable as vehicles, but I will not go over old ground. There is more complexity to PRSAs than there should be, but they have helped, although not as much as...

Seanad: Finance Bill 2012 (Certified Money Bill): Committee and Remaining Stages (22 Mar 2012)

Darragh O'Brien: I want clarification on this section, which relates to the increase in the imputed income to 5% or 6% for approved retirement funds, ARF, or a vested PRSA in excess of €2 million. The previous Government introduced the imputed annual distribution on approved retirement funds and it makes sense. There are also significant changes to section 18, resulting in the reduction of the allowable...

Seanad: Finance (No. 2) Bill 2011 (Certified Money Bill): Committee and Remaining Stages (16 Jun 2011)

Darragh O'Brien: ...or invested in property and so on. In respect of management charges, the Minister of State will be aware that in 2002 or shortly thereafter, on foot of the changes in pensions arising from the PRSA legislation, a fee cap under PRSA arrangements of a maximum fund value of 1% was introduced at the time. This had the effect of lowering management charges for existing schemes that were above...