Oireachtas Joint and Select Committees

Tuesday, 15 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion

3:10 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Most people have a view on whether tax relief on pensions should be reduced to 20%. Some support it while others do not. Do the different organisations have a view on that? If we reduced it, while there might be a reduced cost to the taxpayer, there might also be a reduction in contributions through AVCs, and it would even hit public servants who get the benefit of their superannuation contributions at the top rate. Are there differing views on standardising tax relief on pension contributions? I ask the witnesses to state whether they agree with changing it to the standard rate. What is TASC's view on that?

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