Written answers
Tuesday, 5 December 2006
Department of Finance
Pension Provisions
11:00 pm
Paul McGrath (Westmeath, Fine Gael)
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Question 213: To ask the Minister for Finance the number of investments per month since the SSIA scheme was operative in May 2006 in relation to the pension incentive introduced in the Finance Act 2006, for persons to reinvest part or all of their SSIA on maturity. [41090/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that the number of investments per month in pension products using all or part of matured SSIA funds and availing of the new Pensions Incentive Tax Credit introduced in the Finance Act 2006, is as follows:
June 2006 | 78 |
July 2006 | 267 |
August 2006 | 575 |
September 2006 | 892 |
October 2006 | 1,293 |
The total number of investments in pension products using all or part of matured SSIA funds up to end October 2006 is 3,105.
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