Hi Sunny,
TWSS is not what you think it is, or what her employer thinks! It is far more complex than handing out €410 to people. Don't worry about the tax payer, they are not getting screwed by TWSS. PUP is another story! BTW your wife may be better off on PUP and if her employers thinks they can hand out €410 they are in for a hard shock.
Revenue TWSS FAQ: https://www.revenue.ie/en/employing...on-of-temporary-covid-wage-subsidy-scheme.pdf
The taxpayer is also losing out because the company who stated they would pay 50% is now paying zero with the full burden falling on the taxpayer.
The scheme is great but taxpayer shouldn't be subsidizing large publically quoted companies for a penny more than they need to.
Your wife should be claiming covid payment of 350 and company still paying her for 5 days work with her being up and not company .It is also a problem with covid payment .You are missing my point. The company is not wrong in how they applied the scheme. I know how the scheme works. My point is the employer was in a position to pay 50% of employee wages before the Government announced this scheme. Despite the fact that the company was in a position financially to pay 50% of my wifes wages, when the Government announced this scheme, her company decided that the State should pay 70% of her average net pay and they should contribute 0%. So my wife ends up working for 5 days a month with no basic pay from her employer in the form of any top up and receives the €410 per week whether she works or not. The €410 is less than her average weekly wage so the company could top up her pay to the average weekly wage as one of the main points of the scheme is that employees get as much as their normal weekly net pay as possible. She would have been nearly as well off being temporarily let go. The taxpayer is also losing out because the company who stated they would pay 50% is now paying zero with the full burden falling on the taxpayer.
The scheme is great but taxpayer shouldn't be subsidizing large publically quoted companies for a penny more than they need to.
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