This person only recently started contributing to his pension again. It took him a long time to get over the last government raid on his pension.
Really? The levy took (cumulatively) less than 3% of his fund by value between 2011 and 2015.
The MCSI all-world index grew 75% between mid-11 and mid-15.
where the government can take what they want out of it but he cant.
I hate that argument. Its total nonsense and does not change the fact that they took money form a persons pension fund.
hard to believe. not sure how to react to this. what are we at as a country doing that ?For instance they announced the Covid 19 payment will be available to all illegal immigrants in the state (estimate more than 30,000).
Revenue confirm details will not be passed to the Department of Justice.
For instance they announced the Covid 19 payment will be available to all illegal immigrants in the state (estimate more than 30,000).
Revenue confirm details will not be passed to the Department of Justice.
This person only recently started contributing to his pension again. It took him a long time to get over the last government raid on his pension.
Now he is convinced that they can come in and take what they like and there is nothing he can do to stop it. They can take 0.05% per year or they can take 10% per year.
Nothing to stop them. So how can you protect your pension, which you spent many years saving and planning for but is now up for grabs?
This person has stopped contributions. They are not the only one. But how can you protect the fund now?
This government have form on this. They raided pension funds before. Its part of the reason I would never vote FG again to be honest with you.
The pension levy tax was 0.75% but on the other hand tax relief on pension contributions is 20% , or 40% for high earners.
For instance they announced the Covid 19 payment will be available to all illegal immigrants in the state (estimate more than 30,000).
Revenue confirm details will not be passed to the Department of Justice.
Can you provide a link to evidence of this?
I doubt they actually said that word for word, more a case of they don't have time to check every applicants background to see if they have an eligible visa.
Not just illegal immigrants, but also foreign students who are only allowed to work 20 hours per week, likely on minimum wage or thereabouts, who, when working, would actually be earning less than the 350 a week which the Covid payment is now paying them.
The Government will do anything it gets no pushback against.
For instance they announced the Covid 19 payment will be available to all illegal immigrants in the state (estimate more than 30,000).
Revenue confirm details will not be passed to the Department of Justice.
So expect, imo, PAYE and pensions to get lynched again to pay for everything.
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