Michael McGrath (Cork South Central, Fianna Fail)
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143. To ask the Minister for Finance the yield from allowing persons early access to pension as provided for in budget 2013 in each of the years 2013 to date; and if he will make a statement on the matter. [45967/15]

Michael Noonan (Limerick City, Fine Gael)
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Pre-retirement access to certain Additional Voluntary Contributions (AVCs) was passed into law with the enactment of the Finance Act 2013 on 27 March 2013. The option to access up to 30% of an AVC runs for 3 years from that date to 26 March 2016. The administrator of the pension scheme has to make a return within 15 working days of the end of each quarter showing the following information:

- The number of transfers made

- The aggregate value of the transfers made and the tax deducted.

The latest returns received are for the quarter ended 30 September 2015 and I am informed by the Revenue Commissioners that the tax yield up to that date is as follows: 2013 - €25,893,897;2014 - €16,944,144; and 2015 (to 30 September 2015) - €13,068,070.