Oireachtas Joint and Select Committees
Wednesday, 6 March 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2013: Committee Stage
2:15 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
The purpose of the mechanism is to benefit individuals on low incomes who have made modest pension provision. What is proposed is of no benefit to those on very large pensions; it is for people of modest means. I will consider between now and Report Stage the possibility of introducing a sunset clause. We have received legal advice to the contrary, but I will revisit the issue to see if there is anything we might do to ease the Deputy's concerns.
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