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

Mr. Duggan will be aware of the three-card trick, an illusion. When we deal with people’s money, we have to deal with facts. We will allow that virtually nobody who will pay into the pension pot will pay 0% tax. Plenty of people in the State pay no tax on their income because they are under the thresholds when tax credits are taken into account, but we will allow that the threshold of €20,000 means virtually everybody in the scheme will pay income tax on their salary.