Pearse Doherty (Donegal, Sinn Fein)
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My understanding is that this change takes the measures currently in place a little further. I ask the Minister to correct me if I am wrong.

If a 30 year old football player with an annual income of €60,000 and a sponsorship deal with a particular company which gives him €50,000 year, making a total annual income of €110,000, avails of the existing relief under section 480A which allows him to contribute 20% of his income to a pension and draw down the pension reliefs on that basis, will he now be allowed to put in 20% of the €110,000, whereas prior to this amendment he would have been allowed to put in only 20% of the €50,000 with the non-relieved portion of income? Is that correct?