Seanad debates

Tuesday, 28 June 2011

Social Welfare and Pensions Bill 2011: Committee and Remaining Stages

 

3:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)

It refers to weekly social insurance contributions. In regard to the recording of weekly social insurance contributions, as a result of the abolition of the employee PRSI relief on employee pension contributions, it is no longer considered necessary. In the budget last December the Government made changes in the Finance Act to the deductibility of employee PRSI contributions for relief on pension contributions. In effect, it is no longer necessary from that point of view because the deduction for taxation purposes and tax relief was removed.

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