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Dublin: 9 °C Wednesday 20 November, 2019

Poll: Is it fair to levy private pensions to create jobs?

Michael Noonan says the pensions levy is ‘modest’ and temporary – but should those with private pensions have to foot the bill?

Image: Horia Varlan via Flickr

AS THE DUST settles on Tuesday’s announcement of the jobs initiative, most of the focus has been on the decision by finance minister Michael Noonan to introduce a levy on private pensions.

This morning it’s emerged that some ‘Approved Retirement Fund’ schemes – which tend to be favoured by higher earners, and aren’t officially designated as pensions – will be exempted from the levy, of 0.6 per cent.

Noonan insists the levy is ‘modest’ and that it is only a temporary measure – but the fact remains that the majority of people who have tried to build up a retirement nest egg will now see their pensions hit in a bid to pay for an economic stimulus.

This morning we simply want to know: is it fair to raid someone’s pension fund to try and create jobs for others?

Poll Results:

No (725)
Yes (234)

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About the author:

Gavan Reilly

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