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Pension Provisions

Dáil Éireann Debate, Wednesday - 7 November 2012

Wednesday, 7 November 2012

Ceisteanna (39)

Joe Carey

Ceist:

39. Deputy Joe Carey asked the Minister for Finance his views on correspondence regarding early access to pension funds (details supplied); and if he will make a statement on the matter. [48859/12]

Amharc ar fhreagra

Freagraí scríofa

I am aware of the proposal from IBEC for pre-retirement access to be allowed for individuals to certain forms of pension saving arrangements, subject to conditions. This proposal is being examined although there are various difficulties associated with permitting early access to pension savings to which I have referred in previous replies to parliamentary questions on this issue. It is not clear to me, however, based on the details supplied with the Deputy’s question, that the early access proposal would necessarily assist in the case of the specific example of the individual outlined.

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