Written answers

Tuesday, 21 February 2017

Photo of Maureen O'SullivanMaureen O'Sullivan (Dublin Central, Independent)
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124. To ask the Minister for Finance to set down the savings and yield to the Exchequer from standardising at 20% the rate at which all persons receive tax relief on contributions to occupational pension schemes, RACs and PRSAs. [8090/17]

Photo of Maureen O'SullivanMaureen O'Sullivan (Dublin Central, Independent)
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125. To ask the Minister for Finance to set down the savings and yield to the Exchequer from reducing the earnings cap for pension tax relief on contributions to occupational pension schemes, RACs and PRSAs from €115,000 per annum to €75,000. [8091/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 124 and 125 together.

I am advised by Revenue that a post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at the link:

.

In relation to the Deputy's Questions, page 11 of this Ready Reckoner shows the estimated cost or yield from changing the ceiling on the annual earnings limit for determining maximum allowable contributions for pension purposes and also the cost of reducing the marginal effective rate of such pension reliefs.

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