Written answers
Tuesday, 27 November 2018
Department of Finance
Tax Reliefs Data
Pearse Doherty (Donegal, Sinn Fein)
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158. To ask the Minister for Finance the revenue raised by standardising all pension tax relief at the 20% rate. [48965/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am informed by Revenue that the estimated savings to the Exchequer that would arise as a result of decreasing the rate or ceiling for occupational pension schemes, RACs and PRSAs to 20% is outlined on page 11 of the Revenue Ready Reckoner, at .
Based on these estimates, standardizing the relief at 20% and maintaining the current €115,000 ceiling would yield €319m.
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