Want to know what Budget 2022 will mean for you?
Budget day is here and we’ll be feeding you up to the minute updates on the facts & figures that matter most to you.
MAIN POINTS
Young People
- SUSI grant will be increased by €200 with changes to who can avail of the scheme.
- €200 fee for post leaving cert (PLC) courses scrapped.
- Half price public transport for those aged 19-23.
- Free contraception for women aged 17-25 from August 2022.
Parents
- Parents benefit to increase by 2 weeks to 7 weeks from July 2022.
- €10 extra for back to school allowance & working family payment.
- Extension of free GP care for children aged 6 and 7
Homeowners
- Help to Buy scheme extended into 2022.
Motorists
- A fill of petrol will rise by €1.28, while a fill of diesel will rise by €1.48.
- Revised VRT system: 1% increase in VRT for bands 9-12, 2% increase for bands 13-15 & 4% increase for bands 16-20.
Employees
- Employees will be able to claim back 30% of vouched expenses for heat, electricity and broadband for working from home.
- PRSI - Reducing the number of contributions for treatment benefits from 260 to 39 weeks.
- The ceiling for the second band of USC will rise to €21,295.
- Minimum wage to increase to €10.50 per hour.
- Highest employee rate of tax increased by €1,500.
- Personal tax credit, employee tax credit and earned income credit increasing by €50.
Carers:
- Thousands more carers in line to receive allowance.
Tobacco
- Excise on a 20 pack of cigarettes to go up by 50c with a pro-rata on other tobacco products.
Social Welfare & Pensions
- Full Christmas bonus to be paid.
- €5 extra a week for working-age welfare payments (includes €5 euro for young jobseekers)
- €5 a week increase in state pension & €3 a week increase to living alone allowance.
LIVE UPDATES
13:13: Employment Wage Subsidy Scheme extended in graduated rate until 30th April 2022.
13:17: Reduced VAT rate of 9% for hospitality sector will remain in place until August 2022
13:18: Employees will be able to claim back 30% of vouched expenses for heat, electricity and broadband for working from home.
13:19: Highest employee rate of tax increased by €1,500.
13:20: Personal tax credit, employee tax credit and earned income credit is being increased by 50 euro.
13:20: Personal tax credit, employee tax credit and earned income credit increasing by €50.
13:21: Minumum wage to increase to €10.50 per hour.
13:22: The ceiling for the second band of USC is rising to €21,295.
13:23: A Zoned Land Tax will be introduced applying to land which is zoned for housing and serviced but is not being developed. The rate will be 3% of market rate.
13:24: Help to Buy scheme extended into 2022.
13:25: €7.50 increase in the carbon tax which will be reinvested in social welfare measures on fuel poverty and a just transition.
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13:26: A revised motor tax system: 1% increase in VRT for bands 9-12, 2% increase for bands 13-15 & 4% increase for bands 16-20.
13:35: Excise on a 20 pack of cigarettes going up 50c with a pro-rata on other tobacco products
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13:50: Proposals on a pandemic bonus to be brought forward in the coming weeks.
13:51: Ireland to join OECD agreement to increase corporate tax to 15%.
13:55: €60m for extension of commercial rates waiver for Q4 of 2021 targeted at hospitality, arts and tourism.
13:56: Half price public transport for young people to be introduced.
13:57: €6bn to be invested next year in housing, 15.6% up on 2021.
14:01: Free contraception for women aged 17-25 from next August
14:05: €37m for expansion of mental health services.
14:06: 8,000 new posts across the HSE.
14:07: €28m for ending direct provision.
14:09: €25m for a new youth travel card with anyone aged 19-23 will get 50% discount on public transport.
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14:10: 980 teachers and 1,165 new SNAs to be hired.
14:15: The SUSI grant will be increased by €200 and changes to who can get it.
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14:16: €200 fee for post leaving cert courses will be scrapped.
14:20: €5 extra a week for working-age welfare payments (includes €5 euro for young jobseekers).
14:21: €5 a week increase in state pension & €3 a week increase to living alone allowance
14:22: 800 extra Gardaí to be recruited.
14:24: Parents benefit increase by 2 weeks to 7 weeks from July 2022.
14:27: €10 euro extra for the back to school allowance & working family payment.
14:28: Domiciliary Care Allowance from 3 to 6 months
14:29: Rate of wage subsidy scheme for disabilities will rise by a euro a week.
14:29: PRSI - Reducing the number of contributions for treatment benefits from 260 to 39 weeks.
14:30: Fuel allowance increasing by €5 a week
