Fine Gael backbenchers demand ‘super levy’ on pension pots

Anger over “fat cat” pension pots for top earners at bailed-out banks has prompted Fine Gael backbenchers to demand a “super levy”.

A trio of deputies has sent a draught Oireachtas Bill to Finance Minister Michael Noonan setting out a mechanism to impose the 70% tax on the pensions of those earning above €150,000 a year.

Eoghan Murphy TD stressed the move would not just be limited to bankers, but would target other ex-public sector workers, like former taoisigh Bertie Ahern and Brian Cowen as well.