Joan Burton (Dublin West, Labour)

A case study published by officials in the Department earlier this year showed that two very wealthy individuals had accumulated a pension fund of €100 million each for their retirement and that they would get a €25 million each tax-free payment initially, with the balancing 75% to be invested in tax-free mechanisms. Did the budgetary changes to which the Minister referred in any way limit this huge tax-free gain to these very wealthy individuals, compared to the position of the woman in the home who has no pension benefit? Will the Minister advise us if he managed to right that situation?

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