Full text of Social Justice Ireland's Study on Universal Pension for Ireland
Ireland could and should have a Universal Pension for everyone over 65. it could be paid for principally by standard rating the current tax-break for private pensions. More than 80% of benefit of the current tax break goes to the 20% with highest earnings. A Universal Pension would be simpler, fairer and more just as well as being sustainable in the decades ahead.
No existing pensioner would lose out and many would experience an increase in the Universal Pension. In particular, those adults aged 66 years and older, in respect of whom reduced payments are now made due to their status as ‘Qualified Adults’, would receive a Universal Pension in their own right.
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