The government jobs initiative announced on May 10th is being funded by new levy which will be applied to funded pension schemes and personal pension plans. The levy will not be applied to pensions in the public sector. The new Levy will apply at a rate of 0.6% to the capital value of assets under […]
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Levy
Lower Rate of USC for Medical Card Holders
The Government (what is left of it ) is planning to bring amendments to the Finance Bill relating to the universal social charge. There was previously an exemption from paying the Health Levy and Income Levy for Medical Card holders. The new USC was introduced in Jan 2011 without any exemption for Medical Card holders […]
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Budget 2011 to be announced on December 7th 2010
The Irish 2011 Budget will be announced on Dec 7th 2010 . See Latest Budget 2011 News Here The 2011 Budget is expected to bring in as much as €4 Billion in savings – through increased taxation and spending cuts. Brian Lenihan has said he plans to reduce capital spending by €1 billion – which […]
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Possible New Income Levy for High Earners
Final details of the December 9th Budget are due to be worked out at a meeting of the Cabinet today. One possible item under discussion is likely to be a new income levy on those earning more than €150,000 . Minister for Finance Brian Lenihan has said that no new taxes will be introduced – […]
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Income Levy from May 2009
The new Income levy rates from May 1st 2009 are as follows: (As per April Budget) 2% on income up to €75,036 4% on income from €75,037 to €174,980 6% on income above €174,980 If your income is 180000 – you do not pay 6% on all your income – you will pay 6% on […]
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