Written answers
Tuesday, 29 April 2025
Department of Finance
Departmental Inquiries
Brian Brennan (Wicklow-Wexford, Fine Gael)
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559. To ask the Minister for Finance if he will provide an update on the work of the interdepartmental government working group established to examine recommendations from a report (details supplied), including changes to pension contribution limits and taxation policies. [18772/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy is aware, Dr de Buitléir’s report of his examination of the Standard Fund Threshold (SFT) was published in September 2024 and made a number of recommendations across the SFT regime and the wider pension tax system. These include changes to: the level of the SFT and how it is set in the future; the rate of CET that is charged; how pensions are valued for the purpose of the SFT; as well as more granular recommendations in relation to the relationship between the taxation of pension lump sums and the SFT, the operation of the SFT regime, and the costing of pension tax expenditure.
Following some scoping work by my Department and Revenue, the SFT implementation group is expected to meet for the first time next month. The group will focus primarily on the recommendations that deal directly with the operation of the SFT. Recommendations in the report related to the wider pension tax framework including the recommendations relating to tax relief for pension contributions and the cost of pension tax expenditures will not be considered by this group at this time.
Roderic O'Gorman (Dublin West, Green Party)
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560. To ask the Minister for Finance if his Department will be represented at political level at the Financing for Development summit in Seville this year; and if he will make a statement on the matter. [18775/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Fourth International Conference on Financing for Development takes place in Seville, Spain from 30 June to 3 July this year.
The conference will seek to build international consensus on key areas, including domestic resources and taxes, debt architecture and sustainability, the reform of international financial architecture, international development cooperation, trade, private investment and global governance.
Decisions in relation to my Department's attendance at the conference have yet to be finalised.
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