Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

That seems to provide the opportunity to move from a tax break to an expenditure approach.

Dr. Collins mentioned that there is not a limit in pension contributions. That is still the get-out clause for many very wealthy people. As I understand it, they lump some massive payments into a pension in order to reduce income tax at certain stages in their career. When is the Department of Finance expected to report on the consultation on the tax expenditure side of that pension reform in which Dr. Collins is engaged? That switch must come within the next year. It seems to make more sense politically that the proposal for a State top-up should coincide with changing the tax expenditure rules. There is obvious equity in switching from one to the other.