Gerald Nash
Question:106. Deputy Ged Nash asked the Minister for Finance the estimated yield to the Exchequer from reducing pension relief to the standard rate in 2021; and if he will make a statement on the matter. [22940/20]
View answerWednesday, 9 September 2020
Questions (106)
Written answers
The pre-Budget 2021 Ready Reckoner is available on Revenue’s website at the link: https://www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf. It includes, on page 11, the estimated yield from reducing the maximum tax relief available on private pension contributions to 20%.
The Ready Reckoner shows that if tax relief on private pension contributions was reduced from the marginal rate of 40% to the standard rate of 20% it is estimated it would yield €414 million on a full year basis.
Questions Nos. 107 and 108 answered with Question No. 96.