Mary Coughlan (Donegal South West, Fianna Fail)

-----to address their financial needs, which, perhaps, is an opposing point which Deputy Shortall would have.

Deputy Shortall is correct in stating that this is a progressive tax measure being introduced into pension legislation. We now see a €200,000 limit as opposed to what was there heretofore. Anything over and above that will be taxable.

She raised an issue on others who have an established right to the money that they have accumulated. The legal advice to the Department of Finance is that these persons have their provision grandfathered and they have established a legal right to their entitlement.

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