Taxes Consolidation Act 1997 Schedule 12B paragraph 2

Specifications by the Minister for Finance

Paragraph 2 empowers the Minister for Finance to specify the requirements that must be met by a certified contractual savings scheme, including rules about participants, contributions and sums payable.

• The Minister for Finance sets the requirements for certified contractual savings schemes under section 519C(4)(c).
• The Minister may specify the classes of individual who may enter into contracts under a scheme.
• The Minister may specify the contributions to be paid by individuals.
• The Minister may specify the sums to be paid or repaid to individuals.