Arthur Morgan (Louth, Sinn Fein)

I will be brief because I appreciate that others want to get in as well.

On Financial Resolution No. 5, my party would like to see the pension cap reduced. We propose its reduction to €100,000. I note the Minister has provided for €115,000 here. We also propose standardising pension tax reliefs, which, unfortunately, is not in this document.

On Financial Resolution No. 6, the Minister is allowing for a maximum pension fund on retirement for tax purposes to be set a €2.3 million. I suppose €2.3 million is not bad, really, when one measures it against the Minister's expectation that somebody can survive on €186 per week on jobseeker's allowance. Given the evidence, I remain to be convinced on a fair society.

On retirement lump sums cap of €200,000, I note that has come down substantially in recent years. Not that long ago it was €500,000. There has been a significant move here but, in fairness, it should have been lower.

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