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pub serv. TAX FREE PENSION LUMP SUMS TO COST THE GOVERNMENT €600,000,000.00 THIS YEAR

  • 20-02-2012 12:59AM
    #1
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭


    It says in the Sunday business post today, page 2 article ( its their main page 2 article, at the top of the page ) how there are 7000 public servants retiring with an average tax free lump sum of €81,000 and an annnual pension of €27,000. http://www.businesspost.ie/

    Elsewhere in the paper there are pages advising people what to do with this windfall. What would you do with a tax free €81,000 ?


«13

Comments

  • #2
    Vizzy
    Registered Users, Registered Users 2 Posts: 2,617 ✭✭✭Vizzy


    Give it to charity ?


  • #3
    Phill Ewinn
    Closed Accounts Posts: 2,007 ✭✭✭Phill Ewinn


    Tis grand.


  • #4
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    they have loads of advertisers targeting these lucky people with their lump sums who are retiring in the coming weeks. I'd be temped to consider some of their advertisers . A mercedes, an exotic holiday and a cheap apartment with the balance of the windfall.


  • #5
    Ricardo G
    Registered Users, Registered Users 2 Posts: 1,308 ✭✭✭Ricardo G


    You'd buy a nice house in the country for 81k


  • #6
    Senna
    Registered Users, Registered Users 2 Posts: 8,800 ✭✭✭Senna


    If you're at retirement age and have been working in the PS during the septic tiger, then you're already on the "pigs back" and €81000 to them isn't such a big deal as it would be to me or most other people reading.


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  • #7
    AngryBollix
    Closed Accounts Posts: 2,536 ✭✭✭AngryBollix


    Because theyre worth it


  • #8
    mawk
    Registered Users, Registered Users 2 Posts: 2,737 ✭✭✭mawk


    they could buy a nice sturdy umbrella?

    always good to have


  • #9
    ilovesleep
    Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    I read somewhere that one of the biggest outgoings of public expeniture is the pension bill.


  • #10
    dxhound2005
    Registered Users, Registered Users 2, Paid Member Posts: 24,790 ✭✭✭✭dxhound2005


    gigino wrote: »
    It says in the Sunday business post today, page 2 article ( its their main page 2 article, at the top of the page ) how there are 7000 public servants retiring with an average tax free lump sum of €81,000 and an annnual pension of €27,000. http://www.businesspost.ie/

    Elsewhere in the paper there are pages advising people what to do with this windfall. What would you do with a tax free €81,000 ?

    I'm not buying a subscription to the Sunday Business Post to read old news. It was all over the papers a month ago.


  • #11
    squod
    Closed Accounts Posts: 8,702 ✭✭✭squod


    gigino wrote: »
    What would you do with a tax free €81,000 ?

    there's a sale on in Argos.
    ilovesleep wrote: »
    I read somewhere that one of the biggest outgoings of public expeniture is the pension bill.

    €180bn AFAIK


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  • #12
    benway
    Registered Users, Registered Users 2 Posts: 1,061 ✭✭✭benway


    I'd start off by pointing out that the January payment to unsecured Anglo bond holders was over twice the entire amount of the lump sums paid to 7000 Irish workers. Just in case anyone might need a bit of perspective.


  • #13
    woodoo
    Closed Accounts Posts: 5,219 ✭✭✭woodoo


    I'd buy 2 apartments gigino like all those retired guards you told us about do.


  • #14
    marketty
    Registered Users, Registered Users 2 Posts: 1,066 ✭✭✭marketty


    I'd put every penny in to unsecured bonds and screw the country twice


  • #15
    MickySticks
    Banned (with Prison Access) Posts: 1,177 ✭✭✭MickySticks


    Bag of cans


  • #16
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    benway wrote: »
    I'd start off by pointing out that the January payment to unsecured Anglo bond holders was over twice the entire amount of the lump sums paid to 7000 Irish workers.
    And who decided the taxpayer should guarantee the Irish banks? The public service ( government backed up by other parts of the public service).


  • #17
    woodoo
    Closed Accounts Posts: 5,219 ✭✭✭woodoo


    gigino wrote: »
    And who decided the taxpayer should guarantee the Irish banks? The public service ( government backed up by other parts of the public service).

    Was it not elected politicians that decided.


  • #18
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    woodoo wrote: »
    Was it not elected politicians that decided.
    they are public servants,elected by the people


  • #19
    policarp
    Registered Users, Registered Users 2 Posts: 3,680 ✭✭✭policarp


    Pub Service.?
    Slow. . .
    No tip. . .


  • #20
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    81k tax free tip.;)


  • #21
    Pride Fighter
    Registered Users, Registered Users 2 Posts: 5,727 ✭✭✭Pride Fighter


    gigino wrote: »
    It says in the Sunday business post today, page 2 article ( its their main page 2 article, at the top of the page ) how there are 7000 public servants retiring with an average tax free lump sum of €81,000 and an annnual pension of €27,000. http://www.businesspost.ie/

    Elsewhere in the paper there are pages advising people what to do with this windfall. What would you do with a tax free €81,000 ?

    I think they deserve their tax free windfall for working for the public good for over 50 years and paying over 80% of their wages in the 1970's.


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  • #22
    longshanks
    Registered Users, Registered Users 2 Posts: 4,990 ✭✭✭longshanks


    Wipe my arse with fifties.
    Get speeding tickets.
    Pay fines with said fifties.
    ????
    Profit.


  • #23
    mikemac1
    Closed Accounts Posts: 12,395 ✭✭✭✭mikemac1


    The same public service that required newly married women to resign their jobs.
    And it wasn't that long ago

    So lose their pensions that were paying into

    But the ones who were left and stayed working get their pensions and tax free lump sum.
    For them to get that money others had to pay into the system and get nothing back.
    Well partially funded it anyway, even if it's a small percentage


  • #24
    Yakult
    Moderators, Computer Games Moderators Posts: 7,943 Mod ✭✭✭✭Yakult


    Phill Ewinn wrote: »
    Tis grand.
    Its not grand,
    Tis eighty one grand on average supposedly!


  • #25
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    Yakult wrote: »
    Its not grand,
    Tis eighty one grand on average supposedly!

    The TV advertising for the Sunday Business Post really highlighted the fact that yesterdays paper was devoted to the 7000 retriring public servants, but what was really surprising was how so much of the paper was devoted to what to do with the tax free lump sum. Pages and pages of advice on the different types of bank accounts for lump sum amounts, ads for fancy luxury cars, pages of advice on where to go on exotic holidays etc. It was like reading those suppliments in what to do with the SSIA windfall 3 years ago, except this time the advertisers know the lump sum is much bigger and the people getting it generally have their kids reared, mortgages paid off etc.


  • #26
    Paulzx
    Registered Users, Registered Users 2 Posts: 2,150 ✭✭✭Paulzx


    gigino wrote: »
    It says in the Sunday business post today, page 2 article ( its their main page 2 article, at the top of the page ) how there are 7000 public servants retiring with an average tax free lump sum of €81,000 and an annnual pension of €27,000. http://www.businesspost.ie/

    Elsewhere in the paper there are pages advising people what to do with this windfall. What would you do with a tax free €81,000 ?


    Ah.....not again.

    You really need to get a hobby


  • #27
    Paulzx
    Registered Users, Registered Users 2 Posts: 2,150 ✭✭✭Paulzx


    woodoo wrote: »
    I'd buy 2 apartments gigino like all those retired guards you told us about do.


    I think you can get 6 in Leitrim


  • #28
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    It's like the SSIAs all over again


  • #29
    Stiffler2
    Banned (with Prison Access) Posts: 1,536 ✭✭✭Stiffler2


    I'd purchase the portrait of Bertie in the Dáil, then I'd buy a small slot on RTE advertising between 6:15pm-6:20pm ( primetime )

    I would then deffecate on said portrait live on air.


  • #30
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    the groutch wrote: »
    It's like the SSIAs all over again

    except the average public service windfall gratuity lump sum of €81,000 will go a lot further than the SSIA's which were only ten or twenty grand.


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  • #31
    Tomk1
    Registered Users, Registered Users 2 Posts: 776 ✭✭✭Tomk1


    No mention of thier annual pay? I assume it's not far of the 81grand, opps sorry... 81,000.00€.

    So 7,000 highly paid S.S will no longer be drawing a wage, and many will not be replaced, so in the longer run, 5yrs ?? a saving to tax payer.

    Tis moanday


This discussion has been closed.
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