Dáil Éireann Debate, Tuesday - 7 July 2026
261. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance the estimated additional revenue from cutting pension relief threshold from €115,000 to €60,000; and if he will make a statement on the matter. [51307/26]
View answerAs the Deputy will be aware, tax relief for individuals is granted at the marginal rate of income tax. The amount of pension contributions on which relief can be granted in a tax year is limited to an age-related percentage of the individual’s earnings, ranging from 15% for individuals aged under 30 years to 40% for individuals aged 60 years and over, and subject to an overall annual earnings cap of €115,000.
I am informed by Revenue that the estimated full year yield from decreases in the earnings limit for Occupational Pension Schemes, Retirement Annuity Contracts and Personal Retirement Savings Accounts can be found by consulting page 9 of Revenue’s Revenue Ready Reckoner, available on Revenue’s website.
