Michael McGrath (Cork South Central, Fianna Fail)
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98. To ask the Minister for Finance the expected yield from the exit tax on life assurance polices in 2016 and 2017; and if he will make a statement on the matter. [31421/16]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that the expected yield from Life Assurance Exit Tax (LAET) in 2016 and 2017 is estimated to be in the order of €228 million and €238 million respectively. Collection to date in 2016 is €228 million and no further significant receipts are expected this year. The forecast for 2017 is based on the 2016 collection, increased in line with Department of Finance growth projections for 2017.