Dáil Éireann Debate, Thursday - 9 October 2025
148. Deputy Pádraig O'Sullivan asked the Minister for Finance if he will consider reviewing the 1% government levy on life cover policies, mortgage protection policies and on specified illness/disability (details supplied); and if he will make a statement on the matter. [54421/25]
View answer149. Deputy Pádraig O'Sullivan asked the Minister for Finance the income generated from the 1% insurance levy on life cover policies, mortgage protection policies and on a specified illness/disability for the past ten years (details supplied), in tabular form; and if he will make a statement on the matter. [54425/25]
View answerI propose to take Questions Nos. 148 and 149 together.
I am advised by Revenue that information in relation to Stamp Duty receipts, including the yield from the 1% Life Assurance Levy, can be found on the statistics page of the Revenue website at www.revenue.ie/en/corporate/documents/statistics/receipts/stamp-duty-receipts.pdf
I am advised by Revenue that mortgage protection policies are not subject to a levy or taxation. I am further advised that disability payments are not a taxable source of income.
In relation to illness benefit, I am advised by Revenue that taxpayers’ income tax liability is determined based on the total of all income sources and a separate tax liability is not determined for each income source separately, therefore it is not possible to provide an income tax yield associated only with the taxation of illness benefit.
I am not currently considering implementing a review of the 1% Life Assurance Levy.
