Cowen welcomes extension of Invalidity Pension Scheme
Fianna Fáil TD for Offaly Barry Cowen has welcomed the extension of the Invalidity Pension Scheme to self-employed people from next month.
The move was secured as part of the Confidence & Supply arrangement and takes effect from the December 1.
Deputy Cowen commented, “The extension of this scheme to self-employed people is a welcome decision and is another step forward in helping to level the playing field between self-employed and PAYE workers. This payment will make a real difference to people who find themselves out of work as a result of a long term illness or disability."
“There are over 325,000 people including farmers, contractors and small business owners, who will now be covered under the scheme. This move will provide a much needed safety net for these people, many of whom would have found it difficult keep their business afloat without it," he added.
“This provision was secured as part of the Confidence & Supply arrangement negotiated between Fianna Fáil and Fine Gael. One of the key priorities in the document was to “provide a supportive tax regime for entrepreneurs and the self-employed” and I am pleased that we have delivered on that proposal."
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