A round-up of all the key money dates coming up this month - including seven social welfare lump sum payments, the first energy credit, a rise in the Vacant Homes Tax and a drop in Electric Ireland prices.
There are plenty of key dates and financial changes that could affect your wallet in November. Households are continually being hit with price increases, but this month could see some relief.
This included a €12 increase to weekly social welfare payments, while parent’s payments increased by €15, and the increase for a qualified child weekly rates went up by €4 for under 12s and by €8 for over 12s. Vacant Homes Tax Also announced during Budget 2025 was that the Vacant Homes Tax will increase from five to seven times the property's existing base Local Property Tax rate. The increase will take effect from the next chargeable period, starting this November.
Electric Ireland It was previously announced that Electric Ireland will be decreasing their prices from November 1. This means that standard electricity and gas rates will be reduced by 3% while standard smart electricity rates will be reduced by 5%. This will save households €45 a year on their electricity and €40 a year on their gas on average.
"So the small reductions need to be seen in that context. Had the grid fee increase not been sanctioned we’d likely have been looking at a bigger price drop from Electric Ireland today. Although this is Electric Ireland’s third price cut in under a year, its electricity prices still remain over 80% above where they were in early 2021 before supply shocks due to Covid and then the war in Ukraine wreaked havoc with energy prices. And its gas prices are over double pre-war levels.
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