Changes to HSE sick pay terms – January 2014.

November 19, 2013

The new Public Service Sick Leave Scheme is due to come into operation on 1st January 2014.

What does this mean for you?

Currently, as a HSE employee, you may receive up to 6 months full pay, followed by 6 months half pay, subject to an overall maximum of 365 days’ sick pay leave, in any 4 year period.  This is not the case for all staff, but for medical staff, it is a useful rule of thumb to refer to.  Your individual circumstances may differ from this.  With effect from 1st January next, this will reduce to 3 months full pay followed by 3 months half pay and then nothing.  These new provisions will apply to all health service employees.

This means that if you suffer from some form of illness or disability that results in you not being able to work, your employers will pay you your full salary for the first 3 months of your illness and then half pay for the following 3 months.  After 6 months of being unable to work, you will not receive any pay from your employers.  This means no new money coming into your household every month.

 

 

Our question to you is – How will you pay for everything in your life if this happens to you?  Mortgage repayments, electricity bills, grocery costs, children’s education costs and car insurance costs will not go away.

Our answer is an income protection plan.  A simple insurance policy that provides you with the peace of mind that you will continue to receive an income when you cannot earn and your employers are no longer giving you any sick pay.  The Revenue Commissioners have approved this plan, providing you with tax relief on the premiums at the marginal rate of 41%.  This is not a luxury product – it is vital.  The simple fact is that sometimes people suffer from illnesses, accidents, disabilities or injuries that prevent them from earning.  They don’t want these illnesses, plan for them or ask for them – they just happen.  Make sure that you and your family don’t add to the trauma of these events by suffering from additional financial worries.

Request a quote for an income protection plan today.  We will email you some quotes, meet with you, guide you through the process and get your plan started for you.  Alternatively, phone an advisor now for a confidential chat about your own circumstances – 01 668 6136.

 

 

Income Protection Plan = Peace of mind.