Hi Monbretia
It doesn't help you and it should not help you.
Someone declaring €20,000 a year pays €800 a year in PRSI. That is about two weeks pension. So they get a pension for life for paying in only €800 a year.
And they want Jobseekers and Sickness Benefit as well!
Brendan
Self employed are entitled to sick pay in the event of Illness or Injury from the 1 st of December 2017,I'd really like if they brought in illness benefit for self employed, I need an op on my foot that would have me off work for up to 12 weeks minimum, can't afford that!
Self employed are entitled to sick pay in the event of Illness or Injury from the 1 st of December 2017
They are entitled to Invalidity pension but not Illness Benefit to the best of my knowledge.
I actually had a minor op on the foot prior to that budget putting off the major one as it was indicated there would be benefits for self employed but it turned out to be only Invalidity that was brought in. Very different application processes for both benefits and Invalidity is only for long term unfixable illnesses and won't cover something short term like a broken leg!
Well maybe I'm a special case BrendanI have paid normal employee contributions for 31 yrs and in later years on a pretty good salary so I have contributed a fair old bit, I am only self employed 5 yrs.
I always found public servants to be very fair in my dealings with them ,I suspect they would treat everyone the same when deciding invalidity pension
Starting a business was the best decision I ever made, I really would not let this stop you. If you're particularly concerned about it, you could look to take out some form of income protection.Really angers me as I was hoping this would be introduced so I could start a business but now i'm reconsidering taking the plunge...
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