Dáil Éireann - Volume 384 - 29 November, 1988

Written Answers. - Pension Payments Tax Exemptions.

Mr. R. Bruton Mr. R. Bruton

71. Mr. R. Bruton asked the Minister for Finance whether his Department has given any consideration to the possibility of exempting pension payments from tax and instead making pension contributions and/or pension fund earnings liable to tax; and if he will make a statement on the matter.

Minister for Finance (Mr. Reynolds) Albert Reynolds

Minister for Finance (Mr. Reynolds): The tax treatment of the items mentioned by the Deputy is kept under review. Any consideration of the changes he suggests would have to take into account their potential effects on the incentive for taxpayers to make provision for retirement and on the ability of pension funds to provide pensions, and the desirability of exempting a particular type of income, such as pension payments, from tax.

Dáil Éireann 384 Written Answers. Pension Payments Tax Exemptions.

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