USC, inheritance tax, childcare, child benefit, social welfare, college fees, VAT rate: How the budget will affect parents, students, renters, mortgage holders, farmers, pensioners and carers
Budget 2025: Minister for Finance Jack Chambers tabled the most eye-catching tax measure - a one 1 per cent cut in the universal social charge for incomes between €25,000 and €75,000. Illustration: Paul ScottThe broad outline has been in place for months: €1.8 billion in new spending, €1.4 billion in tax cuts, and at least €1.5 billion in once-off payments. Expect those numbers to creep up, with aspending.
said to be eyeing an expansion of the core funding scheme to supplement providers as more children flow into the system. The mood music was bad as of Friday, with suggestions he was seeking more for this than the entire department had been offered for new measures. One-off payments are the order of the day for many– a quadruple payment of child benefit for parents of newborns. A €10 boost to the child benefit looked to be receding in probability – but not gone yet.
Despite an ambition to expand the basic income for the arts scheme, Martin says the outcome of the pilot scheme is awaited so it will be kicked out for the next government to handle.
Low’s Alan Sparhawk on the death of Mimi Parker, his wife and bandmate: ‘The loss is real and will be felt forever’
Fine-Gael Jack-Chambers Cost-Of-Living Parents Third-Level Students Renting Mortgages Vat For-You
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