Dáil debates

Thursday, 9 June 2011

Finance (No. 2) Bill 2011: Committee and Remaining Stages

 

1:00 pm

Photo of Willie O'DeaWillie O'Dea (Limerick City, Fianna Fail)

This will be lost on the public because as the Minister will appreciate, in politics perception is about 99% of what matters and the truth is sometimes a troublesome trespasser. I am sure the public will see this in a very bad light.

On a technical point, from my recollection of the section dealing with ARFs, is it the case that the imputed income only kicks in when somebody has reached the age of 60? Could a situation arise where people who can afford to retire early but who have not reached the age of 60 will manage to avoid the imputed tax? My recollection may be incorrect about that but I would like clarification on it.

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