And now as one of the disinterested low income self employed here, I think there needs to be some carrot and stick approach. Maybe it could be taken along with the compulsory PRSI and matched by government?
It is pretty much the same here in Switzerland,
As far as I gather the 10% employers contribution mentioned for Australia is the full extent of what would be equivalent to employers PRSI here. Also it's a capped contribution.
The Irish version as proposed would almost certainly be the existing uncapped employers PRSI contribution of 10.85% + probably capped 6% pension.
Try getting the Irish DoF to buy into a new arrangement where employers PRSI goes to the employee pension fund and they'll get a good belly laugh out of it - that's their money - not yours.
Jim
Is there any facility in Switzerland for the member to access the pension fund to buy their home?
Brendan
PRSI goes to the SIF, not into central government revenues.
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