Back in October 2017 it was announced in Budget 2018 that a ” Telephone Support Allowance ” (TSA) would be paid to people who are getting both the Living Alone Increase and the Fuel Allowance. This new allowance will be €2.50 a week and starts from June 4th 2018. (Total of €130 a year) The […]
Continue reading…
Budget 2018
Social Welfare and Pension Increases March 2018
Welfare and Pension Increases in Budget 2018 State Pensions will be increased by €5 a week in the week beginning 26th March 2018. There will be proportional increases for dependant adults and those on reduced rates. ( This is estimated to cost €116 million in 2018 ). The top rate of contributory state pension (over […]
Continue reading…
How Much Will Your Take Home Pay Increase in 2018 ?
The USC and Income Tax cuts announced in Budget 2018 took effect from January 1st 2018 – But just how much will your Take Home Pay Increase in 2018 ? (See figures for 2019 Take Home Pay Here) The changes will be so small – many people probably won’t even notice them. Summary of the […]
Continue reading…
USC Rates after Budget 2018
Budget 2018 USC Reductions As expected there were some adjustments to the Universal Social Charge (USC) in Budget 2018 . These new reduced USC rates and bands apply from Jan 1st 2018 The 2.5% rate of USC will be reduced to 2% and the threshold for this level of USC will rise from €18772 to […]
Continue reading…
DIRT decreased to 37% from Jan 1st 2018
The government charge a tax on the interest you receive on savings. This tax is known as Deposit Interest Retention Tax or DIRT for short. Back in 2002 the rate of DIRT was 20%. It was then increased over the following years up to 41% in Jan 2014 in an attempt to try and encourage […]
Continue reading…