Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Social Protection
Automatic Enrolment Retirement Savings System: Discussion
10:00 am
Mr. Robert Nicholson:
We envisaged the cap on the financial incentive being €75,000, approximately twice the average wage. It is 2% of whatever one contributes, to a maximum of €75,000. The Senator asked about corporation tax. It is not particularly this Department's policy responsibility. We saw a continuation of the current status for current employers making private provision of 10%.
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