Michael McGrath (Cork South Central, Fianna Fail)
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250. To ask the Minister for Finance the saving to the State in terms of pension tax relief in 2015 from the reduction in the marginal tax rate to 40%; and if he will make a statement on the matter. [40446/14]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the yield in terms of reduced pension tax relief from a reduction in the marginal rate of tax from 41% to 40% is tentatively estimated to be €17 million in a full year.