Written answers

Tuesday, 20 March 2007

Department of Finance

Pension Provisions

11:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 116: To ask the Minister for Finance the number of small, privately administered pension schemes and the number of persons that have applied for exemptions under the new €5 million limit; the value of each of the five largest pension schemes; and if he will make a statement on the matter. [10213/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that to date 6,570 small self-administered pension schemes have been approved by Revenue. As already outlined to the Deputy at the Committee Stage of the Finance Bill, 116 applications were received for Personal Fund Thresholds above the €5 million Standard Fund Threshold introduced in the 2006 Budget and Finance Act. The value of the five largest Personal Fund Thresholds ranged from €27m to €54m. This data is based on notifications made to Revenue by the persons concerned.

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