Brendan Griffin (Kerry South, Fine Gael)
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To ask the Minister for Finance his plans for the abolition of the private pension levy; and if he will make a statement on the matter. [5393/13]

Michael Noonan (Limerick City, Fine Gael)
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The pension fund levy applies at a rate of 0.6% per annum to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The levy will operate for a period of 4 years only (2011 to 2014) and the legislative provisions giving effect to the levy (section 4 of Finance (No 2) Act 2011) were specifically drafted to reflect this. I confirmed in my Budget 2013 Speech that the levy will not be renewed after 2014.