112 Deputy Ruairí Quinn asked the Minister for Finance his plans to reform the rules whereby holders of approved retirement funds are compelled to take 3% per annum of their accumulated fund and pay tax on it at the highest marginal rate, in view of the deterioration in value of pension funds in the past 18 months and the desire of ARF holders to defer drawing down funds until such time as the value of their investment improves; and if he will make a statement on the matter. [22441/09]

Summary

112 Deputy Ruairí Quinn asked the Minister for Finance his plans to reform the rules whereby holders of approved retirement funds are compelled to take 3% per annum of their accumulated fund and pay tax on it at the highest marginal rate, in view of the deterioration in value of pension funds in the past 18 months and the desire of ARF holders to defer drawing down funds until such time as the value of their investment improves; and if he will make a statement on the matter. [22441/09]

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• Pension Provisions.

  xml · EN · 9 June 2009

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