What percent charge/levy on funds is needed to reach 700million

Title says it all,

I am wondering if I would prefer a levy or reduced tax relief.

Anyone have any back of the envelope figures for what the likely annual levy would be?

If Govt, just lower tax relief, people will stop contributing, so I feel, they will go for levy. As the money is already in the pension fund, people can't avoid it then...

The % being bandied about is 0.5%

Why does it have to be a choice between cutting tax relief for all or a % levy for all.
If they really want to curb the use of high earners having too much tax relief but they are also serious about getting ordinary, average, middle income earners to save for their retirement, (especially self-employed people, and employed where there is no Occupational Schemes), where can't they be more creative with their suggestions and have different rules for different categories of earners and levels of money that is allowed to be put in.

Why does it have to be an all one way or the other?

Also the changes to the requirements to avail of ARFs, and AMRFs, and the fear that rules around retirement will continue to change, is also a disincentive to save.

+1, well foretold.