Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

I am looking at this in the way that people look at it. Industries look at things from a global perspective but people look at it from a personal one. If people came to Oireachtas Members for advice and asked if they should stay in or get out, the first question we would ask would be whether they are paying a 40% or 20% tax rate. If they are consistently paying 40% tax, we would tell them to talk to a financial broker and that the private pension will give them the same return as the other pension. Certainly, from a tax point of view, they would be better off getting out and putting the same amount of money in a private pension fund.