Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: John m on February 26, 2024, 12:09:42 pm
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The Government faces an uphill task getting the word out about its plans for a new mandatory pension plan.
It is planning to launch a new auto-enrolment pension scheme for those with no work pension or no private scheme later this year. It represents the biggest shake-up in pensions ever in this country.
But research from the Central Statistics Office (CSO) shows that just one in 20 of those with no occupational pension from their current employment are aware of the planned auto-enrolment retirement savings scheme.
Social Protection Minister Heather Humphreys has insisted the new auto-enrolment pension system will be introduced this year.
This is despite industry figures claiming its introduction is likely to be delayed again.
It will mean pension contributions will be made by some 750,000 employees who are not part of a work pension scheme, with their employers and the State also contributing.
Learn more
The scheme has been promised now for the last 18 years, but its introduction has been subjected to repeated delays.
A survey by the CSO shows that men were more aware of the scheme than females.
Some 20pc of males with no current occupational pension cover had heard of the planned Government scheme, compared with 17pc of women.
Males aged 45 to 54 years were most aware of the scheme.
One in five Irish nationals had heard of the planned pension scheme, compared with only one in non-Irish nationals.
Of respondents who are eligible to be auto enrolled in this planned retirement savings scheme, and were aware of the scheme, over seven in 10 said that they would stay in the scheme if automatically enrolled in it.
This is an increase of seven percentage points on the same period in 2022.
Irish Congress of Trade Unions (ICTU) social policy officer, Dr Laura Bambrick, said it was a concern that there was such low level of awareness about the new scheme among those who are set to be enrolled in it.
“The lack of public awareness about the scheme among the public is worrying especially as it is going to impact on people’s pay packets,” she said.
She said Congress fully supports the introduction of auto-enrolment and did not want to see any further delay in being rolled out.
Workers and their employers will each initially pay 1.5pc of a person’s gross salary into the scheme.
From year four, the will increase to 3pc, rising to 4.5pc in year seven and 6pc from year 10.
For every €3 a worker pays in, their employer would pay the same and the State would top this up by €1.
The CSO survey found that for those who do have a works or private pension the State pension is set to be the main source of income for six out of 10 of them.
Statisticians found that more than two-thirds of workers have some form of pension cover outside of the State pension. However, many the figures are skewed by high levels of pension coverage in the public sector.
Pension proposition lead at Royal London Ireland Mark Reilly said it was worrying that large numbers in the private sector have no occupational pension.
“It is concerning that the CSO report shows that almost a third (32pc) of workers have no private pension coverage and will therefore be depending only on the State pension in retirement,” Mr Reilly said.
He said the maximum State pension is currently €277.30 a week for those aged 66 to 79, or €287.30 a week for those aged 80 or older.
Mr Reilly said it is also concerning that the report shows there has been only a very slight improvement in private pension coverage since the latest figures were published a year ago.
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Anything in it about increasing min PRSI for the self-(un)employed?
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Dosent say who tops up Self employed pension pots .We have no employer ?
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Where isCharlie mcreevy when you needed him. The pension fund he founded which wasnt to be drawned untill 2025 has been plundered over the years
Sent from my iPhone using Tapatalk
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Thin end of the wedge. FG have had a grá on getting rid of the State pension for years. Over time, once it's bedded in, you could see them reduce the State pension in line with what you've saved into their auto-pension scheme until the State pension is gone.
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It's called bitcoin ....don't be letting yur kids get scammed wit these govermment scams ...yu know wats goin happen ....remember the eircom shares ?
Sheep to be milked ....
Poor cnuts
::sleep
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The Government faces an uphill task getting the word out about its plans for a new mandatory pension plan.
It is planning to launch a new auto-enrolment pension scheme for those with no work pension or no private scheme later this year. It represents the biggest shake-up in pensions ever in this country.
But research from the Central Statistics Office (CSO) shows that just one in 20 of those with no occupational pension from their current employment are aware of the planned auto-enrolment retirement savings scheme.
Social Protection Minister Heather Humphreys has insisted the new auto-enrolment pension system will be introduced this year.
This is despite industry figures claiming its introduction is likely to be delayed again.
It will mean pension contributions will be made by some 750,000 employees who are not part of a work pension scheme, with their employers and the State also contributing.
Learn more
The scheme has been promised now for the last 18 years, but its introduction has been subjected to repeated delays.
A survey by the CSO shows that men were more aware of the scheme than females.
Some 20pc of males with no current occupational pension cover had heard of the planned Government scheme, compared with 17pc of women.
Males aged 45 to 54 years were most aware of the scheme.
One in five Irish nationals had heard of the planned pension scheme, compared with only one in non-Irish nationals.
Of respondents who are eligible to be auto enrolled in this planned retirement savings scheme, and were aware of the scheme, over seven in 10 said that they would stay in the scheme if automatically enrolled in it.
This is an increase of seven percentage points on the same period in 2022.
Irish Congress of Trade Unions (ICTU) social policy officer, Dr Laura Bambrick, said it was a concern that there was such low level of awareness about the new scheme among those who are set to be enrolled in it.
“The lack of public awareness about the scheme among the public is worrying especially as it is going to impact on people’s pay packets,” she said.
She said Congress fully supports the introduction of auto-enrolment and did not want to see any further delay in being rolled out.
Workers and their employers will each initially pay 1.5pc of a person’s gross salary into the scheme.
From year four, the will increase to 3pc, rising to 4.5pc in year seven and 6pc from year 10.
For every €3 a worker pays in, their employer would pay the same and the State would top this up by €1.
The CSO survey found that for those who do have a works or private pension the State pension is set to be the main source of income for six out of 10 of them.
Statisticians found that more than two-thirds of workers have some form of pension cover outside of the State pension. However, many the figures are skewed by high levels of pension coverage in the public sector.
Pension proposition lead at Royal London Ireland Mark Reilly said it was worrying that large numbers in the private sector have no occupational pension.
“It is concerning that the CSO report shows that almost a third (32pc) of workers have no private pension coverage and will therefore be depending only on the State pension in retirement,” Mr Reilly said.
He said the maximum State pension is currently €277.30 a week for those aged 66 to 79, or €287.30 a week for those aged 80 or older.
Mr Reilly said it is also concerning that the report shows there has been only a very slight improvement in private pension coverage since the latest figures were published a year ago.
Paschal 'Daffy Duck' stole the pensions of airline workers, why would anyone trust him or his ilk?
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To be fair, we can't really complain. Thanks to Dr. Leo I'd say the vast majority of us are well ahead in terms on net receipts from the exchequer.... and that's before we count the billions of euros them mean and nasty greens are making us take.
Dr. Leo is great so he is... roll on COVID '20!
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To be fair, we can't really complain. Thanks to Dr. Leo I'd say the vast majority of us are well ahead in terms on net receipts from the exchequer.... and that's before we count the billions of euros them mean and nasty greens are making us take.
Dr. Leo is great so he is... roll on COVID '20!
Vote labour.
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To be fair, we can't really complain. Thanks to Dr. Leo I'd say the vast majority of us are well ahead in terms on net receipts from the exchequer.... and that's before we count the billions of euros them mean and nasty greens are making us take.
Dr. Leo is great so he is... roll on COVID '20!
The country is bankrupt cause o that cunt ....I taut yu wer an accountint sort o ting ratti ?
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35 years ago Octy. However, with the exception of public sector accountants I've yet to meet any who spend their working hours trying to increase their clients' contributions to the exchequer!
The country is awash with money... look at the billions the good doctor gave us during COVID '19, single-handedly turning the vast majority of us into net recipients from the exchequer.... look at how much the State Pension pays us every week (if we live long enough) on foot of us paying €250/500 per year.... look at all the money them mean and nasty greens are giving us to buy brand new motors... look at all the bicycle lanes and hospitals and housing estates being built with Govt funding. Thank fuck you're not Minister for Finance.... I bet you'd have us paying into the exchequer anall, ya cunt!
Dr. Leo is great so he is... Roll on COVID '20!
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You are correct about them Greens forcing 20K on us .I do wonder with all the new electric gadgets gobbling up electricity how cheap electricity will be to buy in a few years .Or will it be restricted .
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Just logged in to pay my electricity bill, erm. Turns out Dr. Leo's Govt got there before me and paid most of it... Happy days... Dunno what planet Octy is on!
Dr. Leo is great so he is... Roll on COVID '20!
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Just logged in to pay my electricity bill, erm. Turns out the Govt got there before me and paid most of it... Happy days... Dunno what planet Octy is on!
Im torn between Ev or New to me part worn .What would you buy for 17K four of five year old Diesel Prices are still elevated .So 17 buys you possibly 5 years of service second hand and if you get more than 5 out of an Ev your quids in .Plus you can drop the EV after 3 years give it to your hen and go back to Diesel if it does not work out .The FREE 20K looks very inviting .
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35 years ago Octy. However, with the exception of public sector accountants I've yet to meet any who spend their working hours trying to increase their clients' contributions to the exchequer!
The country is awash with money... look at the billions the good doctor gave us during COVID '19, single-handedly turning the vast majority of us into net recipients from the exchequer.... look at how much the State Pension pays us every week (if we live long enough) on foot of us paying €250/500 per year.... look at all the money them mean and nasty greens are giving us to buy brand new motors... look at all the bicycle lanes and hospitals and housing estates being built with Govt funding. Thank fuck you're not Minister for Finance.... I bet you'd have us paying into the exchequer anall, ya cunt!
Dr. Leo is great so he is... Roll on COVID '20!
I'm only warnin yis all an bean " a bit of a cnut) is a very healthy condition....if I was minister for finance .....I be deporting 500000 thousand single male Algerians an Afghanistani free loaders that are fillin the hotels of rural ireland an absolutely decimatin the tourism industry that's
In for a big shock this year ....how much is each one of them costin the country ? I was talking to a luvely " yous irish " colleen from kilarney ...I was bringing her to Heuston the other day who told me that the free loaders are brawlin an stabbin each other on the street but it's not on the news cause of verookas propaganda machine blackout .....the shops are closin down cause the tourists arnt comin anymore ....an everyting is gettin lifted out o the shops ...imagine livin in Chicago an yur watchin the quiet man an yur great great great grandfather was from kerry so ya decide to take a holiday in Ireland.....an ya arrive in killarney ( if ya cud find accommodation).an it looks like a scene from Lawrence of Arabia...
You fuk off home an never tell yur workmates again yur irish ....
Poor cnut
Anyway ....its alrite for yous in Dublin...yu don't see or hear bout that devastation on the economy cause verooka doesn't want yu to know ....wat a cunt
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I hear the umpa lumpa is in hospital too ....good ....I Hope he comes out in a box ........if they can find one that fits his belly ....another cnut away wit the fairies....
::fds
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OCCI We voted to join the EEC got sack loads of money to interconnect all areas of the country with roads and motorways .Open up the Economy .Now we have to use up the new roads build more gaffs create work for builders who will buy pints pay tax .We are not spawning like we did in the 50s or 60s 2.5 Kids per family there use to be more than that per bed in some gaffs .Irish Pension fund is very empty we need to import workers to pay future pensions and put off the inevitable collapse of the welfare State .Kids in Primary School Today wont get free Hospitals or College or possible even Dole .The delusion of a Welfare State was never going to last .You got it right trying to get a few quid out of Crypto or some other way .Your kids will only have what you give them they will earn to live .We are all Americans Now you need to pay for everything .
In reality we are still living in Strumpet City .Same poverty Rashers Tierney living under the stairs .This auto enrol Pension will also be joined by a medical insurance and your pension will be means tested .
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I think I've decided, erm... All other things being equal I'll keep my current motor as long as allowed (early 2026) and if there's still an EV grant then I'll take the good Doctor's shilling and buy a brand new EV. Otherwise I'll buy a 3-5 year old diesel and pass the current one on to Mrs. Catcher if she wants it... Her current belief is that keeping older cars on the road is the environmentally friendliest option but I guess that could change if electricity generation migrates to being wholly or substantially from renewable sources or if she fancies another new car.
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Its not as easy a decision to make as it first looks Rodent .I know what I get with Diesel but on the other hand 20K off sets a lot of doubts .Im also 62 do I need to look forward 10 years ?I see Eamo says he will bend over for anybody to form a government so Green Issues might influence future transport issues .
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OCCI We voted to join the EEC got sack loads of money to interconnect all areas of the country with roads and motorways .Open up the Economy .Now we have to use up the new roads build more gaffs create work for builders who will buy pints pay tax .We are not spawning like we did in the 50s or 60s 2.5 Kids per family there use to be more than that per bed in some gaffs .Irish Pension fund is very empty we need to import workers to pay future pensions and put off the inevitable collapse of the welfare State .Kids in Primary School Today wont get free Hospitals or College or possible even Dole .The delusion of a Welfare State was never going to last .You got it right trying to get a few quid out of Crypto or some other way .Your kids will only have what you give them they will earn to live .We are all Americans Now you need to pay for everything .
In reality we are still living in Strumpet City .Same poverty Rashers Tierney living under the stairs .This auto enrol Pension will also be joined by a medical insurance and your pension will be means tested .
Told ya before johnny ....yur decribin a ponzi scheme ....the more that's in it ....the bigger the collapse ...I never fell for that shite form fianna gowl / fail an Europe bout falling population an yu won't get yur pension if yu don't allow in the 3rd world ....its a lie ....it was about bringing down the cost of labour for the ultra rich who control the European Parliament...wats the point of bringing in goat herders , ex taliban an roma gypsies? Are they goin to fund yur pension ?
The other lie yur told is that all these alleged " asylum seekers " are doctors an engineers .....me bollix.
Freenow for example has bean recruitin 3rd world drivers accordin to ratti .....why ? Cause they'll work for peanuts ,do wat ther told , an take any abuse given to them .....
We are turning inta America yes I told yis yers ago ....the welfare state , free medical an all the benifits of livin in a
" compassionate" democracy for want of a better word ...Will be gone ....the divide between rich and poorer greater than yu can imagine ...it will be the result of this open door immigrant policy ...
Our kids are facing extreme hardship and even homelessness .....they are last on the housing list cause ther white irish ....and first on the revenues list of tax providers
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You are sort of wrong on bringing down wages .The more we earn the more we can spend of stuff the rich want to sell us .Nobody wants to control the price of anything in fact the opposite is true .Its only an economics exercise .We have loads more money than our fathere and grandfathers but we are no better off .Tenement landlords now own centerally heated blocks