Gerald Nash (Louth, Labour)
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106. To ask the Minister for Finance the estimated yield to the Exchequer from reducing pension relief to the standard rate in 2021; and if he will make a statement on the matter. [22940/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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The pre-Budget 2021 Ready Reckoner is available on Revenue’s website at the link: . It includes, on page 11, the estimated yield from reducing the maximum tax relief available on private pension contributions to 20%.

The Ready Reckoner shows that if tax relief on private pension contributions was reduced from the marginal rate of 40% to the standard rate of 20% it is estimated it would yield €414 million on a full year basis.