Pearse Doherty (Donegal, Sinn Fein)
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168. To ask the Minister for Finance the number of persons who on receipt of a lump sum at retirement exceeded their tax free lump sum threshold of €200,000 in each of the years 2014 to 2016 in tabular form; the number of persons who were taxed at 20% reduced income tax and no USC on the portion of their lump sum between €200,001 and €500,000; and the number of persons who were subject to full taxation on their sum on the amount in excess of €500,000. [39454/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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Section 790AA of the Taxes Consolidation Act 1997 provides for the taxation of retirement lump sums, paid under various pension arrangements that are above the specified tax-free limit of €200,000.

The following table sets out the total number of relevant retirement lump sum payments (i.e. greater than €200,000) and the associated tax collected for the years 2014 to 2016. Revenue has advised me that its records are not maintained in a manner that facilitates extracting the individual tax rates or USC amounts involved.

Revenue has also advised me that the portion of a retirement lump sum in excess of €500,000 is regarded as profits or gains arising from an office or employment and is taxed under PAYE along with the taxpayers other PAYE income.  Accordingly, it is not separately distinguished from other income from the employment in the relevant year, and therefore it is not possible to provide statistics in relation to this portion of lump sum income.