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Pensions

Thousands of Pensioners face forced “Gap Year” because of Government inaction

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Today in the Dáil, I raised the issue of the pensioners who will have no other option but to sign on the dole in 2014 because the Government has failed to align the new State Pension age with the retirement age attached to their contracts of employment. The Government aims to save about €60 million in a full year following the abolition of the State Pension (Transition) next year. The Read More

Another attack on Older-People’s Services

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Local T.D Róisín Shortall has called the recent cuts to the Seniors Alert Scheme deplorable and another clear example of the Government hitting the most vulnerable.  Funding will now only be available to qualified persons over 65 who are living alone for the purchase and installation of personal monitored alarms, to a maximum of €230 per alarm.   Ms Shortall commented, ‘Many of thousands of older people have benefitted from Read More

Pretending the Budget was fair just makes it worse.

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Does the Government take us for fools or is it just fooling itself? Before the Budget we were bombarded with fore-warnings with one central message. This Budget will be tough but fair. Tough but fair, said the Taoiseach. Tough but fair said the Tánaiste. Tough but fair said the Government Ministers. And afterwards, this mantra was repeated again and again by several Government representatives – in the hope that if Read More

Up to 70% of Pension Tax Reliefs go to High Earners

The most recent data available on tax reliefs on pension contributions reveal that the State is foregoing €200m per year as a result of tax breaks on pension contributions made by people earning over €100,000 per annum.  The figures relate to just two pension products, Retirement Annuity Contracts (RACs – used mainly by the self-employed) and Personal Retirement Savings Account (PRSAs). The figures were compiled by the Revenue Commissioners in Read More