It is not the only measure which deals with the issue of pensions because there is also the elimination of the 4% more favourable universal social charge regime which the previous Government introduced in respect of pensions of more than €60,000. These are just three of the 14 separate tax measures included in the budget which address the issue of wealth. These 14 measures will raise approximately €646 million in a full year. I have been here for 23 years and I seen 25 budgets because there was more than one in some years. I have never seen a budget which has introduced more measures or which will raise more money through taxes on wealth in the country than this one. The very least Members of the House should do is acquaint themselves with what is included in the budget proposals, rather than coming here to make daft assertions that it does not do what it has been said it does. The budget includes 14 separate measures taxing wealth in a range of areas, including eliminating the tax relief on pension contributions which generate pensions of more than €60,000.

See this item in context