Dáil Éireann - Volume 388 - 12 April, 1989

Written Answers. - Income Tax.

Mr. L. Fitzgerald Mr. L. Fitzgerald

150. Mr. L. Fitzgerald asked the Minister for Finance the reason his Department are imposing income tax on a person (details supplied) in Dublin 17 at the rate of £10.60 per month as and from 5 April 1989; and if he will make a statement on the matter.

Minister for Finance (Mr. Reynolds) Albert Reynolds

1102

Minister for Finance (Mr. Reynolds): The Revenue Commissioners have advised me that a certificate of tax free allowances was issued to the taxpayer on 8 March 1989. His allowances were restricted to take account of his social welfare old age contributory pension, which is paid gross, leaving a net tax free allowance of £536 available to him for [1102] use in connection with his retirement pension.He is liable to tax at the standard rate on the excess of his retirement pension over his net tax-free allowance. On the basis of the information available to the inspector, it is estimated that the tax deduction from the pension in question will be £4.24 monthly.

Dáil Éireann 388 Written Answers. Income Tax.

Questions

19890412