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

Feargal Quinn: I second the recommendation. I welcome the Minister of State to the House again. He must be getting very fond of us. I thank him for his detailed response on my Committee Stage recommendation on PRSAs, personal retirement savings accounts, and USC, universal social charge. I have read its great technical detail but it does not detract from the very fundamental principle that, in the eyes of...

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

Feargal Quinn: ...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,”.”.I welcome the Minister of State to the...

Seanad: Finance Bill 2014: Second Stage (4 Dec 2014)

Feargal Quinn: ...have raised before the many problems relating to pensions and what will happen in future. In particular, I wish to raise what has already been discussed, the personal retirement savings accounts, PRSAs. As the Minister of State knows, there had initially been a good take-up of PRSAs, but that rate has fallen significantly in recent years due to changes in legislation that came about for...

Seanad: Finance Bill 2009 (Certified Money Bill): Second Stage (28 May 2009)

Feargal Quinn: ...arrangements for their staff on a defined contribution basis for many years. According to this person, two models are available, the traditional approach introduced in 1972 and the newer group PRSA approach. It has taken time for the latter to become established, but it was designed by the Pensions Board to deliver transparent, simple, portable and flexible pensions. After years of...

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