Terence Flanagan (Dublin North East, Independent)
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162. To ask the Minister for Finance if any pension levy or other charge will be imposed on private sector pension funds after 2015; if the 0.5% levy planned for 2015 will be kept at that level; and if he will make a statement on the matter. [20174/14]

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 31 December 2014. I introduced an additional levy at 0.15% which, as I also stated in the Budget speech, would apply within the existing legal framework to pension fund assets in 2014 and 2015. This was done to, among other things, continue to help fund the Jobs Initiative. I have no plans to make any further changes in this regard.