Dáil debates

Tuesday, 1 March 2005

Social Welfare and Pensions Bill 2005: Report Stage.

 

7:00 pm

Photo of Séamus BrennanSéamus Brennan (Dublin South, Fianna Fail)

I appreciate the Deputy's comments on SSIAs in respect of amendment No. 3. We drew up what is probably a practical way to deal with the matter and I appreciate the support of the House on it.

The Deputy knows the answer in respect of amendment No. 4. However, I appreciate why he is raising the matter. This comes down to the source of any capital held by a pensioner, which can include savings from income received while formally working, those derived from the sale of property or other assets, those derived from occupational or social welfare pensions, gifts, inheritances, accumulated interest or dividends, or a combination of these. There is great difficulty in distinguishing between the different forms of savings and the sources from whence they come. I was also making another point, about accrued savings for old age pensioners.

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