Dáil Éireann Debate, Wednesday - 25 September 2013
60. Deputy Pearse Doherty asked the Minister for Finance if he intends to proceed with the proposal to reduce tax relief for pension pots that deliver pensions over €60,000 in budget 2014 as outlined in his budget 2013 announcement last December. [39884/13]
View answerIn my 2013 Budget speech, I stated that (from next year) tax relief on pension contributions will serve to subsidise pension schemes that deliver income of up to €60,000 per annum. I went on to say, in this context, that the current arrangements governing the maximum allowable pension fund at retirement for tax purposes of €2.3 million allowed for very generous pensions for higher earners, particularly by way of Defined Benefit schemes in the public and private sectors. It remains my intention to address these issues in Budget 2014.
