Does anyone know if this would be in addition to a private pension or only for people who don’t have a private pension ?
So this would be an additional pension fund to the one that my employer and I already contribute to?
Great. More massive state expenditure. I presume this is instead of that middle income bracket tax break they were talking about last week?
The year is 2040, as the Irish government struggles under the financial burden of the civil service pension bill they levy a 25% wealth tax on private pensions.
In all seriousness, good to see that auto-enrolment is getting closer to actually happening. I still don’t understand why we are almost 15 years behind the UK in this respect.
Next up, time to tackle the criminally high fees on Irish pensions. 1% p.a. management fee to track MSCI World? Get to fuck! Even worse are the contribution fees of 3%-5% which are scandalous.
And I’m sure Zurich will take fees of 2 euro for every 4 that is contributed to the scheme
“Employees earning more than €75,000 could contribute to the scheme but the employer would not have to match contributions above that amount, Ms Doherty said.” So does this mean we will have employers putting a ceiling on their contributions going forward because of this?
Could you trust them not to take it out from your account to bail out banks and builders!
At someone who was about to start a private pension…well now what, do I wait for this???
Too little too late – generation rent is getting older and there will be minimal fixes in place by the time they retire…..HAP payments forever
Automatically enrolling people into unethical investments, subsidizing the finance industry, instead of the government directly paying out a proper pension funded the same way all other government spending is.
All sound gravey until they levy it to pay back some scorched earth banking and housing collapse
They’re playing the long game on this one, think they’re worried people won’t be able to pay their corporate landlords rent once they’re retired
How is this fair with thousands of EU and non-EU workers who aren’t planning to retire here and won’t see a dime back from their contribution?
There should be a way to permanently opt out if you aren’t planning to retire here (and why would I, there are so many nicer, cheaper places in the EU).
Government fucked up their housing policy but they should not make ordinary folks pay for it in a shape of a new hidden tax.
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Does anyone know if this would be in addition to a private pension or only for people who don’t have a private pension ?
So this would be an additional pension fund to the one that my employer and I already contribute to?
Great. More massive state expenditure. I presume this is instead of that middle income bracket tax break they were talking about last week?
The year is 2040, as the Irish government struggles under the financial burden of the civil service pension bill they levy a 25% wealth tax on private pensions.
In all seriousness, good to see that auto-enrolment is getting closer to actually happening. I still don’t understand why we are almost 15 years behind the UK in this respect.
Next up, time to tackle the criminally high fees on Irish pensions. 1% p.a. management fee to track MSCI World? Get to fuck! Even worse are the contribution fees of 3%-5% which are scandalous.
And I’m sure Zurich will take fees of 2 euro for every 4 that is contributed to the scheme
“Employees earning more than €75,000 could contribute to the scheme but the employer would not have to match contributions above that amount, Ms Doherty said.” So does this mean we will have employers putting a ceiling on their contributions going forward because of this?
Could you trust them not to take it out from your account to bail out banks and builders!
Obligatory Viper Zurich https://youtu.be/y9XgvkkVmhM
At someone who was about to start a private pension…well now what, do I wait for this???
Too little too late – generation rent is getting older and there will be minimal fixes in place by the time they retire…..HAP payments forever
Automatically enrolling people into unethical investments, subsidizing the finance industry, instead of the government directly paying out a proper pension funded the same way all other government spending is.
All sound gravey until they levy it to pay back some scorched earth banking and housing collapse
They’re playing the long game on this one, think they’re worried people won’t be able to pay their corporate landlords rent once they’re retired
How is this fair with thousands of EU and non-EU workers who aren’t planning to retire here and won’t see a dime back from their contribution?
There should be a way to permanently opt out if you aren’t planning to retire here (and why would I, there are so many nicer, cheaper places in the EU).
Government fucked up their housing policy but they should not make ordinary folks pay for it in a shape of a new hidden tax.