Pensions tax relief cut ‘unfair, senseless’

THE decision by the Government to slash pension tax relief as part of the four-year recovery plan has been condemned as unfair and senseless by the Irish Brokers Association.

“The proposal to cut pension tax relief will hit the self-employed hardest,” said the organisation’s CEO, Ciarán Phelan, last night.

“If fairness and logic were part of the thinking the pain would have been spread evenly by including benefit in kind on employers’ contributions, thus sharing the impact amongst all workers, including our public representatives.