Minimum Wage Increase in 2023
The minimum wage in Ireland was increased to €11.30 an hour from January 2023. This is an increase of 80c per hour from 2022 rates.
- The 2023 minimum wage for someone aged 20 or more is €11.30 per hour from January 1st 2023.
- For 19-year-olds the minimum hourly wage in 2023 is €10.17
- For 18-year-old workers the minimum wage rate in 202 3is €9.04
- For workers under 18 the rate is €7.91 in 2023
The Minimum Wage in Ireland in 2022 was €10.50 per hour.
MORE details of the Minimum Wage in Ireland 2022.
Minimum Wage in 2024
An increase of more than 12 per cent in the minimum wage for 2024 has been recommended by the Low Pay Commission
If agreed by the Government in the autumn, the recommendation will mean an increase of €1.40 an hour on the current rate of €11.30, taking it to €12.70 per hour
, This increase will mean that omeone on the minimum wage who works a 39 hour week would earn an additional €54.60 per week from the start of 2024.
Take Home Pay on the Minimum Wage in Ireland
How Much Does Someone on the Minimum Wage Earn?
Someone aged 20 or more earning the Minimum Wage in Ireland in 2023 of €11.30 per hour , working full time (39 hours a week) will earn :-before deductions of Income Tax , USC and PRSI .)
- €22,916 in a year.
- This is equivalent to €1909 per month
- or €440 a week
The total deductions in 2023 (full year) will be €2228 – made up of
- Income Tax : €1033
- PRSI €917
- USC €278
After deductions – in 2023 the take-home pay for a full-time single worker on the €11.30 minimum wage is :-
- €20,688 a year
- €1724 a month
- €398 a week.
In 2022 – the take-home pay of a full-time worker on the minimum wage was €19464 – so in 2023 it has increased by €1224 a year or €102 a month.
(For comparison- someone on Jobseekers will get €230 a week or €11960 a year – plus help with rent and fuel too.)
If you think your employer is not paying you the minimum wage you should contact the Workplace Relations Commission, O’Brien Road, Carlow.
Tel – (059) 917 8990
Check our Top Money Saving Tips