Written answers
Thursday, 5 November 2015
Department of Finance
Pensions Levy Yield
Michael McGrath (Cork South Central, Fianna Fail)
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90. To ask the Minister for Finance the amount collected from the levy on private pension funds in 2015 to date; how this compares to the amount expected to be collected; if the full amount for 2015 has now been collected; and if he will make a statement on the matter. [38770/15]
Michael Noonan (Limerick City, Fine Gael)
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The 2015 forecast for stamp duty receipts on the pension fund levy was €135 million. At end-October 2015, receipts amounted to €169 million, which equates to a €34 million surplus or 25 per cent increase against target.
As the Deputy may be aware, the deadline date for payment of the stamp duty levy on pension fund assets was 25 September 2015. Although, there may be some outstanding payments, it is not expected that the final amount collected for the year will be substantially different from the end October collection.
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