The pension levy is nothing of the sort. It is just a TAX that has a name attached to it. Nothing more. I see more & more people arguing about paying such & such a price for their pension, and how the private sector pay more. This levy is not pension specific, it is just a tax. It was devised ( I believe to cut the public sector wage bill), but it is just a tax. It is not going into a pool specially for pensions. I'll say it again....it is just a tax
Slip! Slop! Slap! Seek! Slide!
what's your point?Originally Posted by controller
I agree what is you point as PS workers got massive pay increases for doing bugger all so now they gotta pay some of it back.
How many PS workers have joined the dole queue in last 12 months ??????
It's not a tax.
It's called: pay for your own pension.
He reckons the levy is a tax I think, or at least I think thats what he said..... 3 times
I think he is in favour of it though from the gist of his post:mrgreen:
Progressive and fair taxation = 2012 Merc e250 elegance purchase price/value €47,910 Road Tax:- €156 2005 vw passat 1.9L diesel price/value €8000, Road Tax :- €582
The OP does not seem to realise the benefit of the current PS pension over another PAYE workers pension entitlements.
That's correct. It was effectively a pay cut, structured as a tax to avoid cutting the public sector pensions as this is linked to salary scales. I cannot account for why it was felt necessary to preserve Present rates of pensions when the tax effectively recognises the need to cut the payroll. The best explanation I can think of is that pensioners vote, and might be inclined to vote FF.
But, of course, it has damn all to do with the pensions of the people paying this tax. Their pensions are largely unfunded, and will simply fall to be paid by future taxpayers. Assuming that future taxpayers actually have enough money to honour those pension commitments, which is frankly doubtful.
Unfortunately, as is the way of politics, rather than tell those people now that we cannot afford their pensions, so they might be able to take some remedial action by saving now for when they retire, we'll simply mess around and cough and splutter and say things like "intergenerational solidarity, brother", as if that was just as good as real money.
However, banks know they have a duty of care to their clients and I'm sure that this should prevent them lending irresponsibly.
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Its been a while since I've seen one of these public sector "debates" around here, thanks.
Even the "Government" stopped referring to it as a pension levy a couple of days after they proposed it. I believe Income Levy is the preferred nomenclature.
"Well, while I'm here, I'll do the work - and what's the work? To ease the pain of living. Everything else, drunken dumbshow." - Allen Ginsberg Memory Gardens
And the commission on taxation have recommended that it just gets added to the income tax rates. Is this an underhand way of changing it from the public service to everyone?
Is it the same thing (I'm afraid I've rather lost track, and couldn't be arsed to read up on it if someone knows off the top of the head). I though the income levy was a general hit, except for medical card holders or somesuch.
However, banks know they have a duty of care to their clients and I'm sure that this should prevent them lending irresponsibly.
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