Written answers

Thursday, 1 December 2016

Department of Public Expenditure and Reform

Semi-State Bodies Remuneration

Photo of Clare DalyClare Daly (Dublin Fingal, Independent)
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200. To ask the Minister for Public Expenditure and Reform to set out the semi-State companies which absorbed the private pension levy and the semi-State companies which have passed the cost of the levy on to their pension funds. [38278/16]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The pension levy on private pension funds was introduced by the Finance (No. 2) Act 2011 by my colleague, the Minister for Finance, who holds statutory responsibility for the application of the levy. That Act amended the Stamp Duties Consolidation Act 1999 to provide for the levy of 0.6% to cover the period 2011 to 2014. The Finance (No. 2) Act 2013 introduced an additional levy of 0.15% for 2014 and 2015. The final levy applied under the legislation ceased in 2015. I understand that under the legislation it was the responsibility of the trustees of individual pension funds (including semi-State company pension funds) to decide whether and how the levies should be passed on and who should be impacted and to what extent, given the particular circumstances of the pension schemes for which they are responsible. I have no specific information available to me in relation to the application of the levies on semi-State company pension funds.

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