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Provision in the recent budget for partial refund of AVC

coylemj · 2013-01-17 00:07:45

This is from the Budget 2013 summary, does anyone know where the Finance Bill/Act is these days? I can't find out if it's already passed or still winging it's way through the Oireachtas.... Withdrawals from AVCs Individuals will be allowed a once-off option to withdraw up to 30% of the value of funded Additional Voluntary…

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17-01-2013 1:07am

#1

coylemj

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This is from the Budget 2013 summary, does anyone know where the Finance Bill/Act is these days? I can't find out if it's already passed or still winging it's way through the Oireachtas....

Withdrawals from AVCs

Individuals will be allowed a once-off option to withdraw up to 30% of the value of funded Additional Voluntary Contributions made to supplement retirement benefits. Withdrawals will be liable to tax at an individual’s marginal rate. The option to withdraw will be available for 3 years from the passing of Finance Bill 2013.

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#2 17-01-2013 11:37am
roro2

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Not sure if the final draft has been published yet - Finance Bill 2012 was published around this time last year, but it wasn't passed until March 31st.

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