Written answers
Tuesday, 27 July 2021
Department of Finance
Tax Reliefs
Gerald Nash (Louth, Labour)
Link to this: Individually | In context | Oireachtas source
318. To ask the Minister for Finance the gross amount of tax relief provided for pension contributions in each of the past five years for which full figures are available in tabular form. [39861/21]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am advised by Revenue that the cost of relief of pension contributions for the years 2014-2018 (the latest year available) can be found in the ‘Cost of Tax Expenditures’publication, which is available on the Revenue website at link: www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf.
For the convenience of the Deputy, the following table sets out the relevant tax costs for the years 2014-2018:
| Cost of tax Expenditure | 2018 €m | 2017 €m | 2016 €m | 2015 €m | 2014 €m |
|---|---|---|---|---|---|
| Pension Contribution (Retirement Annuity and PRSA) | 241.3 | 229.3 | 221.3 | 216 | 214 |
| Employees' Contributions To Approved Superannuation Schemes | 677.7 | 598.1 | 582.4 | 580.6 | 548.8 |
| Employers' Contributions To Approved Superannuation Schemes | 173.2 | 159.8 | 158.4 | 147 | 138 |
No comments