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Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023): Pearse Doherty: ...from 2020, which I am sure the witnesses are aware of. They demonstrated that the cost of the tax relief on employee pension contributions stood at €1.2 billion, nearly €700 of which, €693 million, went to those earning incomes in excess of €100,000. The sum of €700 million is a staggering fact and statistic, meaning 60% of this tax relief goes to...
Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023): Pearse Doherty: I understand the recommendations around annual contributions and age limits. Reading recommendation 8.5, which is about the standard fund threshold, it discusses benchmarking and uses the word "appropriate". That is vague. What is an appropriate retirement pension? It does not suggest it is appropriate now or you could read it as it needs to be increased. Therefore, the regressive...

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