Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I appreciate and understand the rationale. It is not an area in which I am an expert. I am, however, concerned about this move. The AMRF takes into account the State pension which is approximately €12,000 a year. The new limit is about €12,700, a tiny amount of money. One would only need a very small additional sum to have the rest of one's money forced into an ARF which is subject to tax, while the AMRF is not subject. This is a source of concern. While I can understand why the Minister is doing this, I ask him to explain why he needs to introduce additional legislation.