Written answers

Tuesday, 31 March 2015

Photo of Robert DowdsRobert Dowds (Dublin Mid West, Labour)
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255. To ask the Minister for Finance when the pension levy on private pensions will be removed; and if he will make a statement on the matter. [12720/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The pension fund levy was introduced in 2011 to fund the Jobs Initiative, which has been very successful in both helping to create and to maintain employment in this economy. The levy has applied at a rate of 0.6% for the years 2011 to 2013, at an aggregate rate of 0.75% for 2014 and will apply at a reduced rate of 0.15% for this year. In accordance with the provisions in section 125B of the Stamp Duties Consolidation Act 1999, the stamp duty levy on pension fund assets will end after 2015.

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