Seanad debates

Thursday, 21 March 2013

Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages

 

12:40 pm

Photo of Kathryn ReillyKathryn Reilly (Sinn Fein) | Oireachtas source

I move recommendation No. 8:



In page 27, lines 8 to 26, to delete subsection (2).
Recommendations Nos. 8 to 13 were tabled in the Dáil so I will not labour the point. They oppose the proposed changes to the taxation of the approved retirement funds, ARFs, and the approved minimum retirement funds, AMRFs. Will the Minister explain further to his response in the Dáil why he is not accepting these recommendations? Our problem concerns the negative impact of these changes on those with low to average pension funds. Will he address these concerns? The recommendations seek to restore the status quo which although not perfect was better than the changes proposed in the Bill.

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