79. Deputy Robert Troy asked the Minister for Finance if his attention has been drawn to the consequences of the amendment made to the AMRF where persons are only entitled to 4% per annum with the remainder held in the pension fund until the person reaches 70 years of age with the exception for persons with a guaranteed income of €12,700 per annum; if this limit was introduced to ensure that persons who do not have sufficient contributions paid to receive a State pension and then cash in a pension policy are left dependent on the State non-contributory pension; if he will examine introducing an exemption for persons who have sufficient contributions for State pension and need to cash in the policy for reasons such as health; and if he will make a statement on the matter. [29019/16]

Summary

79. Deputy Robert Troy asked the Minister for Finance if his attention has been drawn to the consequences of the amendment made to the AMRF where persons are only entitled to 4% per annum with the remainder held in the pension fund until the person reaches 70 years of age with the exception for persons with a guaranteed income of €12,700 per annum; if this limit was introduced to ensure that persons who do not have sufficient contributions paid to receive a State pension and then cash in a pension policy are left dependent on the State non-contributory pension; if he will examine introducing an exemption for persons who have sufficient contributions for State pension and need to cash in the policy for reasons such as health; and if he will make a statement on the matter. [29019/16]

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• Pension Provisions

  xml · EN · 6 October 2016

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