Make sure you're aware of these important changes costoflivingIreland costofliving
There are six different money changes happening in August, with the deadline for final €100 cost of living bonus closing in two months.Here is everything you need to know about:Back to School Clothing and Footwear Allowance The implementation date for the Back to School Clothing and Footwear Allowance is June 2023.
For a child aged from 4 to 11 years, the payment will be €260 and for those aged 12 to 22 it will be €385.Diageo Diageo announced that they would be increasing the price of their beverages for the second time in 2023.They told publicans that they would be hiking their prices by the equivalent of 4c a pint.VAT increase The VAT rate for the tourism and hospitality sector was temporarily reduced from 13.5% to 9% back in November 2020.
AIB This summer AIB confirmed that their AIB and Haven variable mortgage rates will increase by 0.65%. The EBS's variable mortgage rate will increase by 0.45%.Bank of Ireland Bank of Ireland has increased its mortgage rates. Their fixed rate mortgages will rise by 0.25& for new and existing customers.
The rate the banks pay to borrow at the ECB's weekly auctions has risen to 4.25% and their daily loans will cost 4.5%.
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