Irish budget: Help with energy and childcare costs, while income tax threshold goes up
Finance Minister Simon Harris and Public Expenditure Minister Jack Chambers announced a budget package worth a total of €8.65bn (£7.33bn), €7bn (£5.93bn) on spending and €1.65bn (£1.40bn) in tax changes. Harris raised the threshold at which people start paying the higher rate of income tax from €44,000 to €46,500 (£37,307 to £39,418.05). He said that,…
Finance Minister Simon Harris and Public Expenditure Minister Jack Chambers announced a budget package worth a total of €8.65bn (£7.33bn), €7bn (£5.93bn) on spending and €1.65bn (£1.40bn) in tax changes.
Harris raised the threshold at which people start paying the higher rate of income tax from €44,000 to €46,500 (£37,307 to £39,418.05).
He said that, alongside other changes, a single person earning €50,000 (£42,395) a year will pay €700 (£593.25) less in personal taxes.
Harris added that the government had heard “loud and clear” the importance of an income tax package for middle earners.
“People are working hard and doing their best. They need the government to work with them and we get that.”
