Róisín Shortall (Dublin North West, Labour)
Link to this: Individually | In context

Question 61: To ask the Minister for Finance if a person with an income above €100,100 will pay 2% on all income or on the balance above €100,100 under the proposed new income levy; if the same applies to a person falling into the 3% band; and if he will make a statement on the matter. [43182/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The position is that the income levy will apply at a rate of 2% only on the income in excess of €100,100 but below €250,120 and at a rate of 3% only on the income in excess of €250,120.

Róisín Shortall (Dublin North West, Labour)
Link to this: Individually | In context

Question 62: To ask the Minister for Finance if a person who has a medical card will have to pay the proposed income levy. [43180/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The position is that those with an entitlement to the medical card will be exempt from the income levy.

Róisín Shortall (Dublin North West, Labour)
Link to this: Individually | In context

Question 63: To ask the Minister for Finance if, in relation to the proposed income levy, a single person over 65 years who has an annual income of €12,000 from their State pension and €15,000 from an occupational pension will be liable for the levy; and if so the amount of their income to which the levy will apply. [43181/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The position is that the income levy will apply to gross income but excluding social welfare payments and the contributory and non-contributory State pensions. As the Deputy may be aware, an age related exemption threshold for persons aged 65 years and over is being introduced in the Finance Bill. These thresholds will be €20,000 per annum with a provision for double that limit for a married couple. Therefore, in relation to the example supplied by the Deputy, there will be no liability for the income levy as the State pension is exempt from the income levy and the €15,000 occupational pension is below the €20,000 age related exemption threshold for a single person.