Just 15,800 people who each earn more than €250,000 a year are receiving a total of €130m every year in tax relief on pension contributions from the Exchequer.
The Ireland Strategic Investment Fund (ISIF) has unveiled plans for investment programmes in five regional cities across the country.
This has been a bad year for stocks. The Iseq index of Irish shares is in a bear market, having fallen more than 20pc this year as investors react to persistent inflation, an energy shock and supply chain disruption in the global economy.