Simon Harris (Wicklow, Fine Gael)
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While we might not have a meeting of minds on it, I will endeavour to bring some more clarity to it from our perspective. Deputy Doherty is correct that there is not a requirement to draw down the 5%, but Revenue informs me that people almost invariably do, because otherwise they would find themselves being taxed on it twice. I do not have the hard data on the issue but, anecdotally, the evidence is that people do draw down the 5%.