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 80 ) will now be €253.30 a week. Under 80’s will get a top rate of €243.30
The maximum non contributory pension (over 80) will be €242 a week. (€232 for under 80)
Social Welfare Benefits : All weekly rates of working age benefits are also due to increase by €5 a week in the week beginning 26th March 2018 . This includes Jobseekers, Farm Assist, One Parent Family Payment, Carers Allowance , Disability, Invalidity, Maternity , Supplementary Welfare. This increase will cost €147 million in 2018.
Jobseekers Benefit will now be €198 a week and Supplementary Welfare will be €196 a week
The €5 increase also applies to Jobseekers aged under 26 who are on a reduced rate of payment.
The €5 increase also includes employment programmes such as CE, TÚS and Rural Social Scheme.
There will be proportionate increases for people on reduced rate payments and for qualified adult dependants .
(For example a State Pension adult dependant payment is currently €150 which is two thirds of the personal rate of €227 . The increase on this will be two thirds of €5 which is €3.30 – making the new amount €153.30)
There will also be €2 increase for each qualified child dependant in all weekly payments – from week beginning 26 March 2018.
Also the Earnings disregard for One parent Family Payment is rising by €20 a week from 26th March 2018.
(No changes to Child Benefit)
Other Changes to Welfare in Budget 2018
Working Family Payment – There had been talk for a couple of years of a new “Working Family Payment” – but it seems that all that has happened in Budget 2018 is that Family Income Supplement has just been renamed the Working Family Payment !
Welfare Christmas Bonus : Was paid at 85% again for Christmas 2017 – more details here
New telephone support payment (“Community Support Allowance”) of €2.50 per week for those on the living alone allowance ( subject to the same eligibility conditions as the Fuel Allowance). This is due to start in June 2018 .(Estimated cost €9.4 million in 2018) . It is expected that just 124,000 people will be eligible for this. We assume it will be paid automatically to those that are eligible.
Fuel allowance: the payment period was extended from 26 weeks to 27 weeks – costing €8.5 million in 2018.
FIS qualification threshold rising by €10 a week (Now called Working Family Payment)
Prescription charges for under 70s will be bought in line with over 70s – the charge will be reduced to €2 an item (from €2.50) and the maximum per family will be €20 per month on all items. (From Jan 1st 2018)
Drugs Payment Scheme– monthly threshold reduced from €144 to €134 from Jan 1st 2108
Housing Assistance Payment – an extra €301 million to be allocated
enabling more than 17,000 additional households to be accommodated under the Housing Assistance Payment.
how will a 5euro rise bring the state pension to 252..30 when it is 238..30. now.
The rates given were the maximum rates (for over 80s) . The article has been updated to try and clarify this.
Why can’t the government introduce schemes 4 the fit retired person. This scheme should help them with extra income. Age and retirement should be embraced as all retired people have so much skills to offer. This should be addressed and no discrimination allowed