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MOST OF WHAT was contained in today’s budget was of course well-flagged, but now that the speeches are done and dusted we can take a look at what it all means for you.
If you’ve been earning in or around €40,000, here’s how things will stack up for you over the coming year.
There have been no changed in income tax rates so no difference will be seen here.
The main benefit seen will be for the self-employed – the second of three increases in the earned income tax credit, amounting to €400, has been implemented.
That rate still lags behind the automatic deduction for PAYE workers of €1,650 however.
Saving: €400 if you’re self-employed, unchanged for PAYE workers
The USC has been cut once more in its three lowest brackets, and this will lead to a saving for you.
If you’re single, in your 20s, and earning €40,000, you’re currently paying USC across the top three rates totalling about €1,493 a year.
Each of these top three rates have now been reduced by 0.5%, while the second cutoff band has been increased slightly to €18,772.
This is now the USC obligation for someone earning €40,000:
It means that your USC payments next year will now total about €1,290.
That’s an additional €203 a year, or an extra €4 a week.
Saving: €203
Not a taxation measure, but social welfare rates have been increased by €5 across the board. So this change will affect things like carers’ allowance and disability allowance.
If you’ve got young children, a new childcare scheme will be set up from next September. This new Single Affordable Childcare Scheme promises both means-tested subsidies, based on parental income, for children between six months and 15 years and universal subsidies for all children aged six months to three years.
Meanwhile, The Early Childhood Care and Education Scheme and the pre-school scheme will be extended with a further €86 million provided for the full year costs.
The Housing Assistance Payment Scheme and Rent Supplement will see increases of €105 million (220%) that will make those programmes available to an additional 15,000 households.
Fuel has remained untouched in the budget, as has alcohol.
Unfortunately, as is by now traditional, if you smoke cigarettes a packet of 20 has gone up by 50 cent.
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Any proper story on the thief O’Brien?
alcohol won’t solve any of your problems but either will water
It will if your thirsty.
Or Denis o’brien
Will it sink or will it float?? Only time will tell..
Does Denis O’Brien drink there?
Get a life.
Do you work for DOB or IW Chris?
No. But this childish hijacking is really crap. Like a 5 year old protesting by repeating everything you say. It’s dumb
An attempt to silence the press, stifle the national parliament and subvert the constitution is not a trivial matter. I’m sorry that you find the fight against it childish, but I’m going to carry on until I’m banned anyway, thanks.
Wow you’re such a rebel.
No I’m not. I’m doing a small bit to protect something that took centuries to achieve, not give it up as if it means nothing. The rebels are the ones who would tear up the constitution if it’s a bit inconvenient.
Yes but not nearly as childish as pretending not to know who Bill O Herlihy was earlier in the week eh Chris and posting smart about the man .
“I’m doing a small bit”
You’re doing nothing except being an annoying child – get over yourself.
Oh yes that’s a wonderful come back good man yourself……
Well at least they get the choice, over here you’re forced against your will to enter a contract with a private company so any concerns you may have with their ethics etc doesn’t matter and if you don’t want to be their customer you will be fined, if you attempt to stop the workers from forcing you face possible arrest and imprisonment. The guards and courts also won’t uphold your rights as a homeowner. Ireland’s a great place to do business if your Denis o Brien
Journalists,we want to know what enda has to say about the country being gagged by one person.
I fell out of it last night ,the need to do something with that step
Did Denis O Brien/Siteserv install the pumps.
OMG you’re such a rebel mentioning that name! #maverick
Chris your really sticking up for Dennis in a few articles here.. How come??
Never even intentioned him. Don’t care. I’m only taking issue with all the morons that just keep posting his name in random articles, acting like stubborn teenagers staging a naff little protest.
*mentioned, not intentioned.
I agree but you can clearly see why people would be tormented with the man.. Stupid his name being thrown into to every single article that is completely unrelated.. I agree with that..I see your point.. Just had to ask..
The water here is contaminated with Denis O Brien.
Your posts are contaminated with lame.
I wonder if the real Chris Bruton would think it lame of you taking his name and his photo…..BTW…I just tweeted the real Chris Bruton and linked him to your comments…BTW…he also has a big hockey stick.
I am Chris Bruton, you dope.
People are talking about D’OB on lots of different threads because any articles about him are banned from making comments! “THE SILENCES OF THE LAMBS”
Rumour has it their water is tainted with dihydrogen monoxide
lol…laugh of the week!
I f×cking hate hipsters
Peckham Spring?
Tap water is contaminated with fluoride (destroys pineal gland)
It’ll ge closef within the week. Hypster fcuktards.
Sory for the bad spellin I’m pished
Hipsters?? In Shoreditch?? Well I never…
Hope they know when someone’s had enough. Water intoxication will kill you very quickly.
Where’s Enda
Only one appropriate response to this.
#notions
Can you get blown out if your after too much?
Shoreditch… That place and those people are ruining London.
There has to be bowls of yips on the bar and if not I’m not going there!
Water they thinking?
The in thing is France now, you can even get Evian bottles for babies!
have your say