Written answers
Tuesday, 19 May 2015
Department of Public Expenditure and Reform
Pensions Levy
Peadar Tóibín (Meath West, Sinn Fein)
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158. To ask the Minister for Public Expenditure and Reform if he will provide, in tabular form, the annual cost to the Exchequer if the first €17,500, €20,000, €22,500, €25,000 and €27,000 of income, respectively, were exempted from the pension related deduction. [19549/15]
Brendan Howlin (Wexford, Labour)
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Based on estimates of current PRD yield the data sought by the Deputy is set out in the following table.
Increase in PRD Threshold | Estimated Cost |
---|---|
€17,500 | €20m |
€20,000 | €40m |
€22,500 | €118m |
€25,000 | €196m |
€27,000 | €257m |
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