Budget 2023

Budget  – The main changes are as follows: 

  • An increase of €3,200 to €40,000 in the income tax standard rate band for all earners
  • An increase in the Personal, Employee & Earned Income Tax Credit from €1,700 to €1,775
  • Ceiling of the second USC rate band will be increased from €21,295 to €22,920
  • Continuation of reduced rate of USC of 2% for medical card holders and those earning less than €60,000
  • €12 increase per week in main welfare payments and State pension
  • One-off €500 payment to people on Disability Allowance, Invalidity Pension and Blind Pension
  • Normal Christmas Bonus to be paid in early December
  • One-off €200 payment to those in receipt of the Living Alone Allowance
  • One-off €400 lump sum to those in receipt of a Fuel Allowance

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