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Written Answers — Department of Finance: Tax Code (11 Oct 2022): Peter Fitzpatrick: ...he will reconsider the current approach to one member pension arrangements and changes to personal retirement savings accounts in the Finance Bill 2022 in October 2022; if he plans to enforce this PRSA benefit-in-kind, which leaves a benefit taxable liability in the hands of the staff member; and if he will make a statement on the matter. [49821/22]
Written Answers — Department of Finance: Tax Code (11 Oct 2022): Paschal Donohoe: ...careful consideration through the normal policy channels. One of these actions, designed to aid in the harmonisation and simplification of supplemental pensions, is: ‘The differential treatment of the PRSA for funding purposes should be abolished, employer contributions to PRSAs should not be subject to BIK.’ As indicated in this year’s Tax Strategy Group paper...

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