Minister for Finance, Michael Noonan, will confirm a 0.5% levy on all private pension funds next Tuesday.
They intend to pay for the new governments 'Jobs Initiative' with the levy. It will stay in place for 4 years, to say that this could prove controversial is an understatement. Temporary Levy's in Ireland have a nasty habit of becoming permanent when Governments realise they cannot forgo the income that they generate.
When more is announced i will update with further posts.
FS
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