Seanad debates
Thursday, 16 June 2011
Finance (No. 2) Bill 2011 (Certified Money Bill): Committee and Remaining Stages
5:00 am
Brian Hayes (Dublin South West, Fine Gael)
As people exit, there is a tax-free lump sum. Between the marginal rate of tax, the fact that people are not eligible for income and capital gains exemption for the period of the funds rolling over and the lump sum, fair is fair here. In a circumstance where the country is where it is, I regard this as a measured proposal.
I cannot accept recommendations Nos. 9 and 10.
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