140 Deputy Mary Upton asked the Minister for Finance if his attention has been drawn to the fact that persons who do not have a yearly pension income of at least €12,700 are only allowed on maturity of their pension fund, to withdraw 25% of the full amount of the fund in a tax free lump sum and if they do not want to invest the balance of the fund in an annuity, that they are obliged to place the next €63,500 of their pension in either an annuity or an approved minimum retirement fund; and if he will make a statement on the matter. [34817/10]

Summary

140 Deputy Mary Upton asked the Minister for Finance if his attention has been drawn to the fact that persons who do not have a yearly pension income of at least €12,700 are only allowed on maturity of their pension fund, to withdraw 25% of the full amount of the fund in a tax free lump sum and if they do not want to invest the balance of the fund in an annuity, that they are obliged to place the next €63,500 of their pension in either an annuity or an approved minimum retirement fund; and if he will make a statement on the matter. [34817/10]

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• Pension Provisions

  xml · EN · 5 October 2010

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