Written answers
Thursday, 22 September 2011
Department of Finance
Tax Yield
4:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 92: To ask the Minister for Finance the amount of money collected to date on the pension levy introduced in the jobs initiative and the amount expected to be received by the end of 2011. [25531/11]
Michael Noonan (Limerick City, Fine Gael)
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The yield of stamp duty to the Exchequer at the end of August from the levy on pension schemes introduced in section 4 of the Finance (No.2) Act 2011 was €140 million. This amount represents early payments of the total yield of €470 million expected for 2011 for which the due date for payment is 25 September.
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