Written answers

Wednesday, 13 May 2009

Department of Finance

Pension Provisions

9:00 pm

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Fine Gael)
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Question 92: To ask the Minister for Finance the gross and net revenue raised each week from the public service pension levy in gross and net terms; and the estimate for its yield in 2009 and 2010 in net and gross terms. [19055/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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As published in the Revised Estimates for Public Services 2009 on 23 April 2009, it is currently estimated that receipts from the Public Service pension-related deduction will come to just under €940 million in 2009 and over €1.1 billion in 2010. These estimates allow for the revisions introduced in the April 2009 Supplementary Budget.

The arrangements for the pension-related deduction have been in place since March 1, and were subsequently revised from May 1. As such, detailed data is not yet available. However, the overall yield for 2009 is anticipated to be in line with the latest published estimates.

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