Friday 20 October 2017

Jobs and pensions

I wish to reply to David Kavanagh's recent letter regarding our proposal to exclude pension funds investing significant amounts in job creation within Ireland from the Government's 0.6pc levy.

The assets of the country's private pension funds amount to approximately €70bn, and perhaps a little more in light of the equity recovery.

The idea is that funds would be incentivised by exemptions from the levy if they invested 5pc-6pc of their assets in job-generating enterprises within the Irish economy.

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