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What is my worst case scenario with the Budget?

  • 07-12-2011 12:16pm
    #1
    eter
    Closed Accounts Posts: 2 ✭


    This is isn't my case, it is an uncle of mine who we're worried about financially, but I don't know the in's-and-out's, like how much of a pension he has, etc.

    I am in my early 50's. I am a recently retired Garda, and am now a taxi driver. I am a widow since my son's birth, who is 17, and will be hopefully going to college next year. I have just bought a new house for €150k and taken out a mortgage on it (don't ask how)

    What was the worst case scenario that could've happened to me in the Budget (not in the budget that has just past. In general, what is it?)


Comments

  • #2
    themadchef
    Closed Accounts Posts: 5,813 ✭✭✭themadchef


    If you dont know the in's and out of his financial situation i dont think there's alot to go on in that post tbh that most people can help with.

    Didint the registration fees go up €250.

    Apart from that there was a bit of tweeking in the mortgage interest relief.

    If he's earning less than 10k a year he wont be paying the USC doing the taxi driving, but fuel and other carbon tax may well balance that.

    Maybe other posters can be of more help.


  • #3
    liammur
    Closed Accounts Posts: 3,461 ✭✭✭liammur


    eter wrote: »
    This is isn't my case, it is an uncle of mine who we're worried about financially, but I don't know the in's-and-out's, like how much of a pension he has, etc.

    I am in my early 50's. I am a recently retired Garda, and am now a taxi driver. I am a widow since my son's birth, who is 17, and will be hopefully going to college next year. I have just bought a new house for €150k and taken out a mortgage on it (don't ask how)

    What was the worst case scenario that could've happened to me in the Budget (not in the budget that has just past. In general, what is it?)

    A recently rretired garda will have got a nice lump sum, a fine pension. He would be regarded as 1 of the luckier people.


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