John Deasy (Waterford, Fine Gael)
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Question 143: To ask the Minister for Finance his views on the disincentive effect of the proposal to limit tax relief on pension contributions to 30%; if he has received alternative proposals from an organisation (details supplied); and if he will make a statement on the matter. [44933/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The recently published Renewed Programme for Government includes a commitment to introduce a single 33% rate for tax relief on private pension provision in the context of the National Pensions Framework. This would result in a reduction in the tax relief on pension contributions available to higher rate taxpayers and an additional incentive to pension savings for standard rate taxpayers. However, the full detail and timing of the introduction of this measure have yet to be decided.

I have received a pre-Budget submission from the organisation referred to by the Deputy which deals in part with the issue of pensions tax relief. I will bear in mind its views on this issue and those of other interested parties in the context of delivering on the Government's commitment in this area.