Michael McGrath (Cork South Central, Fianna Fail)
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81. To ask the Minister for Finance if he will abolish the pension fund levy at the end of 2015; and if he will make a statement on the matter. [7270/14]

Michael Noonan (Limerick City, Fine Gael)
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I announced in my Budget 2014 speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 will be abolished from the 31st of December 2014. I have, however, introduced an additional levy on pension funds at 0.15% for 2014 and 2015 in Finance (No. 2) Act 2013. I am doing this to, among other things, continue to help fund the Jobs Initiative. This legislation does not provide for a levy beyond 2015.