Brian Hayes (Dublin South West, Fine Gael)

No one knows that. It all would depend on the terms and the circumstances.

On the question of tax relief - I will not go on about this - I made the point about the 41% marginal rate. In fairness to other Senators, not everyone is getting the yield at that. I make the point that pension treatment here is genuinely generously covered under the existing law.

Senator Cullinane wants to get back to the standard rate, according to an earlier recommendation.