S.I. 121 of 2013


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S.I. No. 121 of 2013.

SOCIAL WELFARE (CONSOLIDATED CONTRIBUTIONS AND INSURABILITY) (AMENDMENT) (NO. 1) (EXCEPTED EMOLUMENTS) REGULATIONS 2013

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

Section 2 of the Finance Act 2013 provides that an amount paid under the
pre-retirement access to Additional Voluntary Contributions (AVC) arrangements,
as announced by the Minister for Finance in Budget 2013 and provided
for in section 17 of that Act, will not be liable for the Universal Social Charge.

These Regulations make similar provision in the case of PRSI by exempting
amounts paid under the pre-retirement access to AVCs from liability for PRSI
contributions. The provisions of these Regulations have effect from the enactment
of the Finance Act 2013.

Last modified:10/04/2013