Seanad debates
Thursday, 6 October 2011
Statements on Finance
1:00 pm
John Crown (Independent)
I asked about allowing citizens who have substantial savings in private pension funds which they cannot access until they are 65, by which time they may have lost their homes, to get early access to those funds. They could pay the tax, plus a penalty premium for early encashment, thereby giving the Minister tax money, providing liquidity to the banks and reducing personal debt.
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