Finian McGrath (Dublin North Central, Independent)
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Question 81: To ask the Minister for Finance if elderly persons whose relatives are affected by the trawl relating to insurance schemes exceeding €20,000 will be treated in a sensitive and fair manner. [17678/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that their investigation into individuals who have invested in single premium life assurance products is confined to those circumstances where tax liabilities have been evaded. The Revenue Commissioners accept there are many individuals who have invested money from non-taxable sources as well as from income, gains and acquisitions which have already been declared for tax purposes. Any individuals in that position who have received a letter from a life assurance company should have no need to do anything as they are not the focus of the investigation. It is also important to note that all profits which arise from investments in life assurance products are fully taxed at source by the life assurance company with whom the investment is placed and no further liability arises.

The Revenue Commissioners inform me that if individuals are affected by the investigation and have particular difficulties in regard to payment, they should make early contact with the Revenue Commissioners and fully explain their circumstances. They will be treated sensitively and fairly having regard to the need for equity with other taxpayers.

Finian McGrath (Dublin North Central, Independent)
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Question 82: To ask the Minister for Finance if a person (details supplied) in Dublin 5 will receive the maximum advice and support on the insurance schemes issue; and if he will make a statement on the matter. [17679/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The Revenue Commissioners have advised me that the individual mentioned above has no tax issues. The funds invested in the life assurance product were from taxed PAYE earnings. A Revenue Commissioners official has confirmed this to the family of the individual concerned.