Vol. 469 No. 7
89 Mr. Power asked the Minister for Finance the reason for the imposition of restrictions on persons who derive their income from property investment; and the reason these persons are debarred from funding their pensions. [18176/96]
The generous tax reliefs for pension provision are designed to facilitate the provision of replacement income on retirement from work. They are, therefore, specifically targeted at earned income, that is, income from employment or self-employment, (trade, profession or vocation). Rental and other investment income (and director's fees scourced from such income) do not come within this intention.
