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Written Answers — Department of Employment Affairs and Social Protection: Departmental Schemes (22 Feb 2022)

Joe O'Brien: ...between employees and their employers. All employers, including CE and JI sponsoring organisations are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. As the Deputy will be aware, CE supervisors and CE assistant supervisors have been seeking for several years through their union...

Written Answers — Department of Finance: Tax Reliefs (19 Jan 2022)

Paschal Donohoe: ...345,500 Exemption of Employers’ Contributions to BIK 658.3 413,000 607.3 366,700 601.9 345,500 Pension Contributions (Retirement Annuity and PRSA) 241.3 98,300 229.3 93,600 221.3 95,900 The information above reflects the totals for each year....

Written Answers — Department of Finance: Pension Provisions (19 Jan 2022)

Paschal Donohoe: ...to make a drawdown from AVCs paid by an employer; from any AVCs which were part of a scheme member’s “normal” contributions; from any contributions to a Personal Retirement Savings Account (PRSA); or from contributions by the employer or the individual to an occupational pension scheme. While leaving employment or changing professions before retirement may have...

Written Answers — Department of Education and Skills: Residential Property Prices Register (30 Nov 2021)

Helen McEntee: .... The PSRA has a dedicated email address for Oireachtas Members to contact them directly with any queries at: info@psr.ie. However, in order to be of assistance to the Deputy, I have asked the PRSA for an update on this matter and they have provided the information set out below. The Residential Property Price Register is produced by the PSRA pursuant to section 86 of the Property...

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 — Department of Finance: Tax Reliefs (22 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 the years 2016-2018 as figures for 2019 and...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Tailte Éireann Bill 2020: Department of Housing, Local Government and Heritage (16 Sep 2021)

...the organisation needs to be established before the Vote is ready. That will be next year, and work is under way in preparing for that. Finally, no, I have not given any consideration to whether the PRSA should have been included in this organisation. We are satisfied that the three organisations included are the right ones.

Written Answers — Department of Finance: Tax Reliefs (27 Jul 2021)

Paschal Donohoe: ...years 2014-2018: Cost of tax Expenditure 2018 €m 2017 €m 2016 €m 2015 €m 2014 €m Pension Contribution (Retirement Annuity and PRSA) 241.3 229.3 221.3 216 214 Employees' Contributions To Approved Superannuation Schemes ...

Written Answers — Department of Finance: Financial Services (13 Jul 2021)

Paschal Donohoe: ...been noted that the relevant pension vehicles which are involved in this case are one member arrangement schemes, known as small self-administered schemes (SSAPs) and non-standard Personal Retirement Savings Accounts (PRSA). You will appreciate that it will be for the Pensions Authority to take whatever actions it deems appropriate under its mandate.  Consumers may have recourse...

Written Answers — Department of Justice and Equality: Residential Property Prices Register (13 Jul 2021)

Heather Humphreys: .... The PSRA has a dedicated email address for Oireachtas Members to contact them directly with any queries at: info@psr.ie. However, in order to be of assistance to the Deputy, I have asked the PRSA for an update on this matter and they have provided the information set out below. The Residential Property Price Register is produced by the PSRA pursuant to section 86 of the Property...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes (7 Jul 2021)

Joe O'Brien: ...and their employers. All employers, including CE sponsoring organisations and the IBs that deliver RSS, are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. CE supervisors and CE assistant supervisors have been seeking for several years, through their union representatives, the allocation of...

Joint Oireachtas Committee on Social Protection: Pensions Council and Citizens Information Board: Chairpersons Designate (7 Jul 2021)

...Pensions Council work is the Pensions Act. That is in the realm of supplementary pensions, namely, saving for retirement through an occupational arrangement or personal retirement savings account, PRSA. PRSI is important. It provides a person with a range of benefits both while working and after retirement age when they becomes eligible for a State pension. It is not directly related...

Written Answers — Department of Justice and Equality: Data Protection (22 Jun 2021)

Heather Humphreys: ...monitors PSPs compliance in accordance with the provisions of the Property Services (Regulation) Act 2011 and its associated Regulations. There is no legislation in place that would allow the PRSA to advise estate agents to request sight of a prospective house buyers exact funds rather than their mortgage approval when arranging viewings or bidding on a property. There are no...

Written Answers — Department of Employment Affairs and Social Protection: Departmental Schemes (25 May 2021)

Joe O'Brien: ...and their employers. All employers, including CE sponsoring organisations and the IBs that deliver Tús and RSS, are legally obliged to offer access to at least one Standard Personal Retirement Savings Account (PRSA) under the Pension (Amendment) Act 2002. CE supervisors and assistant supervisors have been seeking for several years, through their union representatives, the...

Written Answers — Department of Finance: Banking Sector (6 May 2021)

Paschal Donohoe: ...savers. The Group is actively working on implementing a number of those recommendations with a view to addressing some of those highlighted issues. Section 92 of the Pensions Act 1990 provides for the approval process for PRSAs. The Pensions Authority and Revenue are jointly responsible for approving PRSA products. Potential new PRSA product providers must meet with the Authority prior to...

Written Answers — Department of Finance: Pensions Reform (28 Apr 2021)

Paschal Donohoe: ...in November 2020. As far as is possible, and consistent with the Group's overarching objective of pension rationalisation and simplification the Report proposes to align the PEPP with existing PRSA legislation. In an Irish context, PEPP is likely to be of most interest to mobile workers. Apart from portability, a PRSA potentially has more flexible features than a PEPP, means that the...

Written Answers — Department of Employment Affairs and Social Protection: Pension Provisions (21 Apr 2021)

Heather Humphreys: The Deputy’s question relates to 'standard private pension products'. In terms of the Pensions Act, 1990, as amended, this refers to standard Personal Retirement Savings Accounts (PRSAs). Personal Pension Plans (PPPs) / Retirement Annuity Contracts (RACs) and other retirement related investment products are regulated by the Central Bank. Any questions with respect to these are...

Written Answers — Department of Education and Skills: Pension Provisions (24 Mar 2021)

Norma Foley: ...set out in the member of staff's contract when he/she was initially employed in late 2018. The person was also advised at the time that he/she could be facilitated with a Personal Retirement Savings Account (PRSA) if he/she wished to make contributions into the scheme.

Written Answers — Department of Justice and Equality: Court Orders (25 Feb 2021)

Helen McEntee: .... There is provision for the sale of property during Level 5 restrictions, in keeping with the Minister for Health's national Covid-19 strategy. The Property Services Regulatory Authority (PRSA), the independent statutory body established under the Property Services (Regulation) Act 2011, with responsibility to licence and regulate property service providers (auctioneers, estate agents,...

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