Seanad debates

Tuesday, 6 December 2016

Social Welfare Bill 2016: Committee Stage

 

2:30 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

Many issues relating to pensions fall partially within my remit and many are broader issues. The tax treatment of pension contributions is primarily a matter for the Minister of Finance. The thinking behind it of course is the people do not pay tax on the money they put into their pension fund because they pay tax on the income when the pension is paid. Many people would have great difficulty with having their income taxed twice, before they put it into the pension fund and again when they take it out.

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