Eoghan Murphy (Dublin South East, Fine Gael)
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To ask the Minister for Finance his views on withdrawing or reducing tax relief for pension contributions when the pension pot reaches a certain level, say €65,000 per annum. [53148/12]

Michael Noonan (Limerick City, Fine Gael)
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The scale of pension saving reliefs available to higher earners, in particular, has been significantly restricted over recent years. The maximum allowable pension fund for tax purposes at retirement (the Standard Fund Threshold) was reduced from over €5.4 million to €2.3m in Budget and Finance Act 2011 while the annual earnings cap which operates in conjunction with age-related percentage limits to determine the annual amount of tax-relievable pension contributions has also been reduced over a period from its peak of over €275,000 in 2008 to its current level of €115,000 per annum. The incentive regime for pension saving will be considered, in common with other tax relief and incentive arrangements, in the context of my preparations for the forthcoming Budget.