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Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: That was not the question I asked. Is there a breakdown of how much of Irish pension funds are currently invested here and abroad? My understanding is that in the last ten years as we start going towards retirement, the investment strategy gets more conservative. It was also my understanding, and this might have changed in the last ten years that in Ireland they tend to go for German state...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: Can that be broken down between equities and more secure investments such as government bonds?

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: That is fine but I think Ms Thornton is missing the point I was making. The only pension that does something dramatic for the gender pay gap is the State pension. It is ruthless in what it does and it does it for the pay gap in general and for the gender pay gap. It rewards all workers equally in terms of cash. What I am afraid of, because I have been around this side of the shop a while,...

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Eligibility (9 Feb 2023)

Éamon Ó Cuív: 20. To ask the Minister for Employment Affairs and Social Protection if she will consider amending the eligibility criteria for illness benefit to cover workers under 25 years of age who do not have 104 weeks of PRSI contributions and who do not have contributions in the relevant tax year, to ensure access to a short-term illness payment when ill just after commencing employment for the first...

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Schemes (9 Feb 2023)

Éamon Ó Cuív: 30. To ask the Minister for Employment Affairs and Social Protection her plans to extend the period of time that participants can remain on the Tús scheme; and if she will make a statement on the matter. [6102/23]

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: There are very few people who pay no tax. At an income of €20,000, personal tax credits mean a person will be paying tax at 20% on that last bit of income. There is a mirror trick here that is unfair. It has been more or less alluded to. Let us put it in simple terms. At the moment, if I am paying 40% tax on my salary - which happens at a fairly low individual income in this...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: My concern is that like many things in this country, the State is more generous to the well-off than the poor. It is a mirror trick because people think they are getting cash back. It is a salesperson's trick. Life is full of them but one does not normally expect the State to get into salesperson's tricks. The proposal at one stage was that everyone would get tax relief at 33%. While...

Written Answers — Department of Transport, Tourism and Sport: Road Network (8 Feb 2023)

Éamon Ó Cuív: 86. To ask the Minister for Transport, Tourism and Sport the various classifications of county roads in each county; the standard existing speed limit on all these roads outside of urban areas at present; if he intends on introducing lower standard speed limits on local roads of various classifications; and if he will make a statement on the matter. [5871/23]

Written Answers — Department of Education and Skills: Education Schemes (8 Feb 2023)

Éamon Ó Cuív: 249. To ask the Minister for Education and Skills when the national roll-out of free period products will be completed in all secondary education and training centres; and if she will make a statement on the matter. [6106/23]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Benefits (8 Feb 2023)

Éamon Ó Cuív: 268. To ask the Minister for Employment Affairs and Social Protection when a decision will issue on an application for fuel allowance by a person (details supplied) recently widowed; and if she will make a statement on the matter. [5863/23]

Written Answers — Department of Education and Skills: Third Level Education (8 Feb 2023)

Éamon Ó Cuív: 308. To ask the Minister for Education and Skills when the national roll-out of free period products will be completed in all tertiary education and training centres; and if he will make a statement on the matter. [6106/23]

Written Answers — Department of Justice and Equality: Visa Applications (8 Feb 2023)

Éamon Ó Cuív: 321. To ask the Tánaiste and Minister for Justice and Equality the reason for the long delay in assessing visa appeals for those applicants who have already secured employment permits; is he aware of the serious affect these delays are having on small and medium business due to lack of staff; and if he will make a statement on the matter. [5869/23]

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: I have €100. I want to put money into my pension pot through the auto-enrolment scheme. Before I do that, I am on the marginal rate of tax so €40 is taken away. To put it another way, to put €100 into my pension pot, I have to have €130 or €140. If I say I want to put €100 aside, the taxman will call a halt and demand €40 of that. Now I...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: If that is so, it is rather presumptive, particularly considering the reality of people's lives, various sources of income and so on, to presume that the person who is put into auto-enrolment does not wind up paying 40% tax on the way out, on the total cumulative income. If people do not pay that, that is because they have a low income. Any people who put money into a private pension fund...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: I am looking at this in the way that people look at it. Industries look at things from a global perspective but people look at it from a personal one. If people came to Oireachtas Members for advice and asked if they should stay in or get out, the first question we would ask would be whether they are paying a 40% or 20% tax rate. If they are consistently paying 40% tax, we would tell them...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: Did anyone cost it, within the narrow confines of the tax relief versus the State contribution, to do that at 40% and to give a little bonus to the 20% taxpayers? I think we are agreed that few involved pay no tax.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: There could be a little generosity to those at the bottom rather than being a skinflint to those who might be on the 40% tax and still in the auto-enrolment system. We would also allow for better continuity of pensions.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: What I am suggesting is much simpler. I like simple things. Most politicians put in the crinkles here but then when they come to-----

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed) (8 Feb 2023)

Éamon Ó Cuív: Why was that 25% not made 40%?

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (15 Feb 2023)

Éamon Ó Cuív: Confrontation and violence seem to be escalating worldwide. No lesser person than the Secretary General of the United Nations, António Guterres, has warned we could be heading towards "a wider war". He also said that the prospects for peace keep diminishing and that he fears the world is not sleepwalking into a wider war, stating, "I feel it is doing so with its eyes wide open." He...

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