Dáil debates

Wednesday, 20 September 2017

Other Questions

Pension Provisions

5:55 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I repeat that in parliamentary questions last year and again this year we confirmed that if we created a new band for employers' PRSI for people who are employed on incomes over €100,000, it would result in hundreds of millions in additional revenue. That would be fair and would help to generate money.

Another big area is tax relief for wealthy pensioners. Hundreds of millions of euro are spent on pension reliefs for very wealthy people. I do not mind such measures for ordinary people who are putting away a few quid for their pensions, but very wealthy pensioners - multimillionaires and so on – are putting money away and receiving significant tax reliefs for gold-plated pensions. The Minister could collect some extra money by closing off some of the reliefs for the wealthiest in Irish society. That would give us the sort of money we need to end discrimination and have a fair pension system for all pensioners.

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