Oireachtas Joint and Select Committees

Wednesday, 18 January 2023

Joint Oireachtas Committee on Social Protection

General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed)

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party)
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It goes back to the issue of the €20,000 as a threshold point, because very often that will be a second income in the house, and if the primary income is above €49,000, even if a person is earning below €20,000 and wanted to make pension provision, he or she might be far better off going for the 40% tax relief route rather than the top-up. It is one of the issues I would be concerned about, rolling the auto-enrolment below €20,000. It is one of the complicating factors.