Written answers
Thursday, 6 November 2008
Department of Finance
Tax Code
5:00 pm
Jan O'Sullivan (Limerick East, Labour)
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Question 99: To ask the Minister for Finance if it is intended that the income levy announced in budget 2009 will apply to occupational pensions; and if he will make a statement on the matter. [39055/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The position is that the income levy will be applied to gross income except social welfare payments, including contributory and non-contributory social welfare pensions. It is also proposed to exempt those on low incomes from the income levy.
More detailed provisions, in relation to the collection, recovery, inspection of records, and other provisions required will be set out in the Finance Bill.
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