Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The problem is that large numbers of Irish workers owe more money than they have. They do not have money to save. If the pension model that we have for the future is such that one third of workers contribute towards their own pensions, then two thirds will not. They cannot afford to because they are paying the USC, to name just one of many outgoings. If the pension model that the Government is depending on is one whereby it hopes to incentivise people to save for their pensions, that will not happen because large numbers of people do not have the income to do so.

It will inevitably result in a situation where the more one earns, the more one benefits from the tax reliefs. If one's income is such that one benefits from the 40% relief, one will get an even greater benefit. Am I right in saying that the pensions earning limit is still €115,000?