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Written Answers — Department of Finance: Tax Exemptions (15 Feb 2024)

Pearse Doherty: 185. To ask the Minister for Finance the maximum amount, in nominal terms, that a company or proprietary director can fund a single PRSA through an employer contribution in a single year with full tax deductibility; and if he will make a statement on the matter. [7399/24]

Written Answers — Department of Finance: Tax Exemptions (15 Feb 2024)

Pearse Doherty: ...ask the Minister for Finance if he is satisfied that the recommendation of the Report of the Interdepartmental Pensions Reform and Taxation Group of 2020, that “the differential treatment of the PRSA for funding purposes should be abolished, employer contributions should not be subject to BIK”, was implemented in whole or in part; his views on whether the manner in which this...

Written Answers — Department of Finance: Tax Exemptions (15 Feb 2024)

Pearse Doherty: ...Minister for Finance his views on the appropriateness of a company or proprietary director withdrawing up to €2.15 million from a company in a single year through an employer contribution to a PRSA, and availing of full tax deductibility, including corporation tax relief; and if he will make a statement on the matter. [7404/24]

Written Answers — Department of Finance: Tax Exemptions (15 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 183 to 188, inclusive, together. The Finance Act 2022 removed the difference in treatment of PRSAs and occupational pension schemes for funding purposes, by abolishing the BIK charge on employer contributions to an employee’s PRSA, and not counting employer contributions to an employee’s PRSA towards that employee’s age related and salary...