Michael Noonan (Limerick City, Fine Gael)

I propose to provide some context by responding to Deputy Fleming's contribution before other Deputies contribute. I will first read the briefing note, which covers some of the points the Deputy raised, before addressing other issues that are not covered by the briefing note.

On amendment No. 23, the intention behind Deputy Fleming's proposed amendment appears to be to have the levy applied at an unspecified rate to annuities and approved retirement funds, ARFs. I assume the rate the Deputy had in mind was the 0.6% to be applied to other pension funds.

See this speech in context