Saturday 24 March 2018

'I would be shocked for those on breadline as it means more expenses'

Louise Hogan

Louise Hogan

PENSIONER Barry Moynihan (69) has lost 6pc of his income from various taxes, a loss of allowances and the pension levy over the past four years.

He and his wife Florence, who live in Dun Laoghaire, Co Dublin, and have a small occupational pension, will not be affected by the move to restrict access to medical cards for over-70s to couples with an income of more than €1,200.

And now there is the property tax.

"The property tax is another increased cost from now on," he said.

And cuts to the household benefits package including telephone and electricity allowances will have an impact on the couple. "We will have to consider whether we will keep the landline. I think it will hurry up the conversion to mobiles," he said.

"The electricity allowance – I can afford it but it continues to go down. I would be shocked for those on the breadline as it means more expenses to meet."

Barry, who was a manager in an American manufacturing company, said the allowances such as the electricity and the child benefit should be means-tested.

Those over 70 with an income in excess of €60,000 will be facing a 3pc rise in the Universal Social Charge from next year.

Barry said he had a combined income of less than €60,000 but for someone just slightly over the threshold it was a "stunning attack". He said there should be a transition in the charge rather than hiking it up by 3pc for all those over €60,000.

"Increased motoring costs from road tax will help nobody," he added.

Irish Independent Supplement

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