Budget 2025 measures will bring financial relief to Irish households from January 1, 2025. These changes include social welfare payment increases, boosts to maternity and paternity benefits, an energy credit for all households, a rise in the national minimum wage, and a reduction in the Universal Social Charge (USC).
Households across Ireland are continually being hit with price increases, but next month could see some relief as a number of changes from Budget 2025 take effect. The measures, which were first announced in October, start to happen from January 1, with a series of payment increases, tax changes and new benefits aimed at supporting families, workers and pensioners.
While certain cost-of-living bonuses and lump sums have already been paid out, these upcoming changes will offer more financial support as we head into the new year. Among the notable changes are a €12 weekly increase in social welfare payments, a €15 boost in Maternity and Paternity Benefits and a €125 energy credit for all households in Ireland. Additionally, the national minimum wage will rise to €13.50 per hour, the Universal Social Charge (USC) rate will drop to 3%, and a variety of other allowances and tax exemptions will come into play. The Government says these changes aim to alleviate some of the financial pressures that individuals and families are facing while the cost of living crisis continues. Here is a breakdown of 15 key money changes coming into effect from January 2025:
BUDGET 2025 IRELAND COST OF LIVING FINANCE ECONOMY
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