381. Deputy John Lahart asked the Minister for Finance if he will clarify the assertion by the Revenue Commissioners that the Finance Act 2022 inadvertently created a loophole allowing employers to make unlimited, tax-free contributions to employee PRSAs, contrary to the policy's original intent, resulting in significant tax avoidance by a small cohort of companies, when the majority of company directors utilised it to effectively back-fund their pensions before retirement; the reason the rule was not simply made subject to a minimum service requirement or aligned with the rules governing occupational pension schemes; how does the rule address pension regulations in line with current Government policy; and if he will make a statement on the matter. [10592/25]

Summary

381. Deputy John Lahart asked the Minister for Finance if he will clarify the assertion by the Revenue Commissioners that the Finance Act 2022 inadvertently created a loophole allowing employers to make unlimited, tax-free contributions to employee PRSAs, contrary to the policy's original intent, resulting in significant tax avoidance by a small cohort of companies, when the majority of company directors utilised it to effectively back-fund their pensions before retirement; the reason the rule was not simply made subject to a minimum service requirement or aligned with the rules governing occupational pension schemes; how does the rule address pension regulations in line with current Government policy; and if he will make a statement on the matter. [10592/25]

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• Tax Reliefs

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