Written answers

Thursday, 23 March 2017

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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67. To ask the Minister for Finance the yield from the exit tax on life assurance in 2016; the projected yield in 2017; and if he will make a statement on the matter. [14702/17]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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68. To ask the Minister for Finance the yield from the 1% levy on life assurance products in 2016; the projected yield in 2017; and if he will make a statement on the matter. [14703/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 67 and 68 together.

I am advised by Revenue that the yield from the exit tax on life assurance was in the order of €228 million in 2016. The projected yield in 2017 is €238 million.

The yield from the 1% Stamp Duty levy on certain life assurance premiums was €21.4m in 2016. The projected yield for 2017 is €25.4m.

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