Results 101-120 of 326 for prsa

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Written Answers — Department of Social Protection: Pension Provisions (10 May 2017)

Leo Varadkar: ...for funding pension arrangements for such employees, even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, the Deputy should note that the issue of pension provision for CE supervisors is currently being examined by a Community Sector High...

Written Answers — Department of Social Protection: Community Employment Schemes Supervisors (9 May 2017)

Leo Varadkar: ...responsible for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High Level Forum...

Written Answers — Department of Social Protection: Community Employment Schemes Supervisors (2 May 2017)

Leo Varadkar: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individual CE supervisors to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High Level Forum...

Written Answers — Department of Social Protection: Community Employment Schemes Supervisors (2 May 2017)

Leo Varadkar: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, the Deputy should note that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector...

Written Answers — Department of Social Protection: Community Employment Schemes Supervisors (11 Apr 2017)

Leo Varadkar: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individual CE supervisors to make provision for a pension by way of PRSA which all employers are obliged to facilitate. However, the Deputy should be aware that the issue of CE Supervisors’ pension provision is currently being looked at by a...

Written Answers — Department of Finance: Pension Provisions (7 Feb 2017) See 1 other result from this answer

Richard Boyd Barrett: 186. To ask the Minister for Finance the way in which a person (details supplied) can obtain a greater annuity from their PRSA; and if he will make a statement on the matter. [5993/17]

Written Answers — Department of Finance: Pension Provisions (26 Jan 2017)

Michael Noonan: ...(TCA) 1997. I introduced these changes in order to close off certain tax-planning opportunities involving the use of Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs). In providing very generous tax relief on contributions to private pension arrangements, the quid pro quois that when benefits are paid from the arrangements they are, generally, taxed at...

Written Answers — Department of Social Protection: Defined Benefit Pension Schemes (17 Jan 2017)

Leo Varadkar: ...assurance policy with a life assurance company on behalf of each member (a buy-out bond for active members and deferred members or an annuity for pensioners); or transfer each member’s benefits into a PRSA, subject to certain conditions. It is important to note that the powers given to the Pensions Authority to reduce benefits or wind up a pension scheme are to protect pension...

Written Answers — Department of Finance: Tax Reliefs Costs (14 Dec 2016)

Michael Noonan: ...the following tables show the latest relevant information in respect of income tax relief allowed for contributions to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) for the years 2012, 2013 and 2014. The information in the tables sets out the number of cases, the amount of deduction and the reduction in tax for tax relief (for RACs and PRSAs) for the...

Written Answers — Department of Justice and Equality: Property Services Regulatory Authority Remit (13 Dec 2016)

Richard Boyd Barrett: 142. To ask the Minister for Justice and Equality the steps being taken to ensure the PRSA is in a position to fully meet its statutory requirements in view of the fact that by its own admission it was unable to do so over the past years; and if she will make a statement on the matter. [40144/16]

Written Answers — Department of Finance: Pensions Legislation (29 Nov 2016)

Michael Noonan: The transfer of the deferred benefits of a member of an occupational pension scheme or a Personal Retirement Savings Account (PRSA) contributor's PRSA fund to an overseas pension arrangement is permitted, subject to the transfer complying with the Occupational Pension Schemes and Personal Retirement Savings Accounts (Overseas Transfer Payments) Regulations, 2003 and Revenue requirements. The...

Written Answers — Department of Finance: Revenue Commissioners Investigations (24 Nov 2016)

Michael Noonan: ...pension tax legislation may fall foul of the conditions under which a pension scheme was approved by Revenue as an exempt approved scheme or the conditions under which a Personal Retirement Savings Account (PRSA) product received Revenue approval. Pension tax legislation does not provide for any penalties for non-compliance in this area. The sanction available is the withdrawal of the...

Written Answers — Department of Social Protection: Pension Provisions (22 Nov 2016)

Leo Varadkar: ...The role of the Pensions Authority is to promote and support compliance with the Pensions Act and to address any non-compliance it encounters. It is not, however, responsible for running pension schemes and PRSAs. Rather, the responsibility for managing pension schemes and PRSAs and for making decisions relevant to their operation and management rests with the trustees, the PRSA...

Written Answers — Department of Finance: Pensions Legislation (17 Nov 2016)

Michael Noonan: ...superannuation schemes, per se, they are outside the scope of the treaty other than where they fall within the "insurance company" element referred to above. As regards Personal Retirement Savings Accounts (PRSAs), the 2016 Finance Bill contains provisions to stop PRSAs being used for tax avoidance purposes. The avoidance concerned involved benefits never being taken from a PRSA so...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016) See 1 other result from this debate

Eoghan Murphy: ...;specified person’ means a unit holder in respect of which a gain is not treated as arising to an investment undertaking on the happening of a chargeable event under subsection (6), (7), (7A) (as it applies to a declaration made under subsection (6) or (7)), (7B) (as it applies to a declaration made under subsection (7) or (9)), (8), (8A), (8D), (8E), (9) or (9A) of section 739D,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016) See 12 other results from this debate

Michael Noonan: ...fund.”,”. Section 13, as initiated, amended certain provisions of Part 30 of, and Schedule 23B to, the Taxes Consolidation Act 1997 with the aim of closing off tax planning opportunities involving the use of personal retirement savings accounts, PRSAs. This tax planning involved the PRSA owner never taking benefits from the PRSA, which meant that various taxes were avoided...

Written Answers — Department of Social Protection: Pension Provisions (10 Nov 2016)

Leo Varadkar: ...Act 1990 employers and trustees have obligations in respect of the remittance of contributions. Under Section 58A of the Act (occupational pension scheme/trust RACs) and Section 121 of the Act (PRSAs), the employer must ensure that all contributions deducted from the employees’ pay are paid to the trustee/PRSA Provider within 21 days of the end of the month in which the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016) See 1 other result from this debate

Michael Noonan: ...contracts, RACs, by professional sportspeople from a later reduction in income arising from a claim under this relief. However, this is not the case for personal retirement savings accounts, PRSAs. As a result, a sportsperson who takes out a PRSA could be disadvantaged over a sportsperson who takes out a retirement annuity contract. The amendment provides that PRSAs are afforded equal...

Finance Bill 2016: Second Stage (25 Oct 2016)

Michael Noonan: ...the viability of the fishing sector. This will allow those who spend at least 80 days fishing at sea in a tax year to claim an additional income-tax credit of €1,270 per annum. Section 6 makes a technical amendment to the sportspersons' relief to provide that contributions to PRSAs are treated in the same manner as other pension products. The extension of the home renovation...

Written Answers — Department of Social Protection: Social Welfare Benefits Eligibility (6 Oct 2016)

Leo Varadkar: The earnings assessed for social assistance means testing purposes generally is based on earnings net of PRSI contributions, superannuation/PRSA contributions and trade union subscriptions. No account is taken in the calculation of any income tax/USC payable on earnings. The purpose of the current means-testing arrangements is to ensure that the maximum amount of payments go to the people...