Under the terms of the scheme, anyone aged between 23 and 60 and earning over €20,000/annum will be eligible. However, this does not extend to the self-employed.
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Farmers will be locked out of the Government’s new auto-enrolment pension, the Irish Farmers Journal can reveal.
The pension scheme is available to those who do not already have a private pension and is separate to the State pension.
Employers and employees will have to contribute 1.5% of their salaries, with the State committing €1 for every €3 saved.
However, a person working in the farming industry in a self-employed capacity is not eligible, a Department of Social Protection spokesperson said.
Under the terms of the scheme, employees aged between 23 and 60 and earning over €20,000/annum will be eligible.
The Government may consider broadening the system in future to include the self-employed.
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