Gerald Nash (Louth, Labour)

To clarify, the purpose of my contribution was absolutely to support Deputy Brennan's position. The de Buitléir report focused very much on the age-related factor piece and not the threshold. As I said, the former Minister, Michael Noonan, introduced the €2 million threshold in 2013. It has been in operation since 2014. He was targeting, if I can use that phrase, high rollers in the private sector who were using the generous reliefs and so on to put money away into their pensions. I want to be clear on that.

Exempting certain categories of workers may be constitutionally problematic. If there is some way of doing this, perhaps in the way outlined by Deputy Brennan, there may be a degree of consensus about it.