Daft Property - Irish Property News

Nanny state's pension plan is bitter pill for most of us... NANNY Hanafin, assisted by the two Bossy Brians, was in full swing yesterday. Work for longer, get less tax relief and, by the way, if you are not in a pension we are going to sign you up for one whether you like it or not. Yes, the 'Nanny State' knows what is good for us and was not shy about telling us yesterday. Taoiseach Brian Cowen, Finance Minister Brian Lenihan and Minister for Social and Family Affairs Mary Hanafin, have decided many of us have been naughty, not nice. So they have prescribed a full dose of pension punishment for all. Naughty workers who failed to take out a pension when the boom was in full flow will now be automatically signed up for one. This measure will not impact on those who are already in an occupational pension scheme and those in the public sector. All workers under the age of 62 will have to work for longer. Those under the age of 49 will end up having to wait until they are 68 be