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Written Answers — Department of Finance: Pension Provisions (26 Sep 2013)

Michael McCarthy: 80. To ask the Minister for Finance if the AVC withdrawal scheme introduced in Budget 2013 will be extended to cover PRSA's to assist persons to access part of their pension savings particularly in cases where pension schemes are performing poorly. [40245/13]

Written Answers — Department of Finance: Pension Provisions (26 Sep 2013)

Michael Noonan: ...pension schemes with a three-year window of opportunity to draw down, on a once-off basis, up to 30% of the accumulated value of certain AVCs made by them, including additional voluntary PRSA contributions made to AVC PRSAs. This is a restricted measure which enables rather than incentivises individuals to access part of their pension savings beyond their regular or compulsory pension...

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