Written answers
Tuesday, 18 December 2018
Department of Finance
Tax Reliefs Costs
Thomas Pringle (Donegal, Independent)
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155. To ask the Minister for Finance the estimated amount that would be generated by reducing the earnings cap for pension contributions from €115,000 to €75,000. [53280/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that a Ready Reckoner providing estimated impacts for potential changes to a wide range of taxes and duties is available at .
Page 11 of the Ready Reckoner presents an estimate of the yield that would arise from reducing the earnings cap for pension contributions in the manner outlined by the Deputy. According to this data, the estimated yield that would be generated by reducing the earnings cap for pensions contributions to €75,000 would be €85m in a full year.
I would also note that reducing this ceiling would impact only on higher rate tax payers.
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