I am glad that the Minister proposes in section 14 to extend the capital gains tax exemption to personal retirement savings account assets. People are living longer nowadays and, in view of the age profile and pension liability which faces us, I am glad that people generally are making better personal provision to protect the value of their pensions and, consequently, their standard of living. It is to be hoped that the Minister's action will encourage people to make even better provision. The phrase "an old head on young shoulders" comes to mind, for it is difficult to encourage people to make provision for their pensions from a young age, when it would be at its cheapest. The thought of planning for a retirement which could well be over 40 years in the future would occur only to the most sensible of young people or those, such as public servants, who must make mandatory payments. Any incentive to encourage such forward planning is to be very much welcomed, as it will also help take part of the burden from the shoulders of the State.