The cabinet is now leaning towards putting a cap on pension incomes of €60,000 as an alternative to cutting the top rate for tax relief on pension contributions to 20 per cent.
The support of two Labour ministers –- Joan Burton and Brendan Howlin -– for a cap comes amid recent research by actuarial consultants Milliman showing that cutting the marginal rate of relief from 41 per cent to 20 per cent would particularly hit the...
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