Mr. Aidan McLoughlin:

If it was taken out of the system as salary today, the tax would come in more quickly but if it was taken out as salary, instead of putting it into a pension there would be corporation tax relief because salary is deductible for an employer who pays somebody a salary. That would not save the proportion of €2.9 billion that goes on corporation tax because the State would be granting that benefit if it is paid as salary.