http://www.independent.ie/business/irish/pensions-tax-relief-must-be-reduced-radically-2658143.html
I agree 100% with this guy.
I'd add the following:
Remove the ARF option
Make lifestyling mandatory
Remove the tax free lum sum.
If we took these measures instead of the levy or reducing the marginal rate on contributions, we would have a far more effective private pensions framework in terms of costs to the state and targetted positive incentives.
In terms of the public service, it would have the impact of leaving those on modest to average incomes (up to €50-60k) untouched whilst those with high salaries (whose pensions cost disproportionately more anyway) would no longer receive any tax relief on their pension contributions.
I agree 100% with this guy.
I'd add the following:
Remove the ARF option
Make lifestyling mandatory
Remove the tax free lum sum.
If we took these measures instead of the levy or reducing the marginal rate on contributions, we would have a far more effective private pensions framework in terms of costs to the state and targetted positive incentives.
In terms of the public service, it would have the impact of leaving those on modest to average incomes (up to €50-60k) untouched whilst those with high salaries (whose pensions cost disproportionately more anyway) would no longer receive any tax relief on their pension contributions.