Revenue Note for Guidance

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Revenue Note for Guidance

Schedule 23C

[Part 30, Chapter 1]

Pre-Retirement Access to PRSA AVCs

Overview

This Schedule places certain information filing requirements on PRSA administrators where transfers under section 782A have been made to individuals in respect of PRSA AVCS.

Details

Information to be provided in respect of pre-retirement access to additional voluntary PRSA contributions

Administrators of AVC funds (within the meaning of section 782A(1)(a)) who are PRSA administrators are required to provide, within 15 working days of the end of each quarter (commencing with the quarter ending on 30 June 2013), certain statistical information to Revenue in relation to AVC pre-retirement transfers made during the quarter in question. The information, which must be provided electronically, is as follows

  • the number of transfers made,
  • the aggregate value of transfers made, and
  • the tax deducted from the aggregate value of the transfers made.

For the purpose of this Schedule a “quarter” means a period of 3 consecutive months ending on 31 March, 30 June, 30 September or 31 December.

Relevant Date: Finance Act 2019