Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Joint Oireachtas Committee on Social Protection

Automatic Enrolment Retirement Savings System: Discussion

10:00 am

Photo of John CurranJohn Curran (Dublin Mid West, Fianna Fail) | Oireachtas source

So there will be winners and losers. If somebody traditionally had been on the 20%, he or she will do better - getting one and three. Someone earning €50,000 who is paying the top rate - the scheme is for those on between €20,000 and €75,000 - will do marginally less well from using the State contribution rather than tax relief. Is that correct?

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