Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The intention is to make matters easier for people on lower pensions who had this bounced on them last year without adequate notice. I am providing them with notice now that the higher limits will return in three years time. It provides rational people with the opportunity to plan to make provision for their pension schemes. A future Minister may change that. Deputy Doherty drew a parallel with the taxation of the student contribution for higher education. In respect of that provision, I was merely following the policy decision made by the Minister for Education and Skills who carried it forward to 2015. It was therefore appropriate for me to carry it forward on the tax treatment to 2015 also.

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