Written answers
Wednesday, 12 June 2013
Department of Environment, Community and Local Government
Dormant Accounts Fund Deposits
Brendan Smith (Cavan-Monaghan, Fianna Fail)
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66. To ask the Minister for Environment, Community and Local Government the net inflow of funds from dormant accounts in the years 2011, 2012 and to date 2013; and if he will make a statement on the matter. [28055/13]
Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Under the alances on dormant accounts with banks, building societies and An Post and the net encashment value of certain life assurance policies are paid into the Dormant Accounts Fund, which is managed by the . The primary purpose of the legislation is to reunite the original account holders with their moneys, including all interest due. In addition, the legislation also provides that disbursements from the fund may be made for charitable purposes or for purposes of community benefit.
The net inflows into the Dormant Accounts Fund for the years 2011, 2012 and to date in 2013 are €10.5m, €18.4m and €34.04m respectively. Further details of all inflows etc. can be found in tabular form on . under the Dormant Accounts section of Community and Voluntary Supports.
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