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

Photo of Michael NoonanMichael 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.

Comments

No comments

Log in or join to post a public comment.