S.I. No. 506/2002 - Personal Retirement Savings Accounts (Fees) Regulations, 2002 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2002 S.I. No. 506/2002 - Personal Retirement Savings Accounts (Fees) Regulations, 2002 S.I. No. 506/2002 - Personal Retirement Savings Accounts (Fees) Regulations, 2002 AmendmentsLeasuithe The Minister for Social and Family Affairs, in exercise of the powers conferred on her by sections 5 , 96 and 117 of the Pensions Act, 1990 (No. 25 of 1990), hereby makes the following Regulations: - Citation. 1. These Regulations may be cited as the Personal Retirement Savings Accounts (Fees) Regulations, 2002. Definitions. 2. In these Regulations “the Act” means the Pensions Act, 1990 (No. 25 of 1990) . Fees. 3.
(1)The fees payable under section 96
(1)(
- f)of the Act, at the time of application to the Board by the applicant, shall be: (
- a)in the case of an applicant in respect of whom no PRSA product has yet been approved by the Board, a fee of €20,000 to include approval of one PRSA product, and (
- b)in the case of an applicant in respect of whom a PRSA product has been approved by the Board, a fee of €5,000 to include approval of one PRSA product.
(2)The amount of the annual fee payable by a PRSA provider to the Board under section 117
(5)shall be: (
- a)€2000 multiplied by the number of PRSA products of that PRSA provider for the time being approved by the Board, and (
- b)an amount equal to 0.05% of the total PRSA assets held under the terms of PRSA contracts of that PRSA provider.
(3)The fee specified in sub-article
(2)shall be remitted to the Board on or before 31 January in each year. GIVEN under the Official Seal of the Minister for Social and Family Affairs, this 7th day of November, 2002 Mary Coughlan Minister for Social and Family Affairs. The Minister for Finance hereby consents to the making of the foregoing Regulations. GIVEN under the Official Seal of the Minister for Finance, this 7th day of November, 2002 Charlie Mc Creevey Minister for Finance EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.) Section 96 of the Pensions Act, 1990 provides for the payment of a fee by an applicant for approval of a PRSA product. Section 117
(5)of the Pensions Act, 1990 provides for the payment of an annual fee by a PRSA provider. These regulations contain the detailed provisions in relation to the amount of these fees and the time of payment. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais