Statements begin at 1pm. The package is €8.5 billion. Here is where each of the big items stood going into the weekend.Simon Harris and Jack Chambers will deliver Budget 2027 in the Dáil on Tuesday 6 October, with statements starting at 1pm. The overall shape was fixed in July: €7 billion of extra spending and €1.5 billion of tax measures, a total of €8.5 billion. What that money buys was still being negotiated as late as Friday.Welfare: €10 looks likelyA €10 rise in core weekly payments is one of the few measures reported as agreed. The State pension currently stands…
Author: Money & Living Desk
Money & Living Desk
The Money Desk covers grants, budgets, taxation, banking and the cost of living. Figures are checked against the body that issued them, and each page carries the date of that check. Pages are updated when rates or rules change. Nothing published by this desk is financial advice. coverage@theirishwire.com
Budget 2027 lands on 6 October with an €8.5 billion package. Welfare groups want core rates benchmarked, workers want lower income tax, business wants capital gains tax cut, and the State’s own fiscal watchdog says the economy does not need any of it. A guide to the competing demands, and the arithmetic that cannot satisfy them all.Every autumn, the weeks before the Budget bring a flood of pre-budget submissions: carefully costed wishlists from charities, trade unions, employer groups, tax advisers, universities and campaigners, each making the case for their slice of the national pie. Budget 2027, to be delivered on…
A €50,000 salary does not put €4,167 into the bank each month. Under a standard single-PAYE calculation for 2026, take-home pay is closer to €3,304 a month. At €70,000, it is about €4,183.The gap is Income Tax, USC and employee PRSI. Other deductions can widen it. A pension contribution, auto-enrolment, taxable health insurance or a company car will all change the payslip.The table below uses one deliberately plain scenario: a single employee, one job, full-year salary, a €44,000 standard-rate band, the ordinary Single Person and Employee Tax Credits and no additional reliefs. It is a comparison tool rather than a…
Ireland’s Rent Tax Credit is often described as a €1,000 payment. That shorthand is convenient and slightly misleading.The credit is calculated at 20% of qualifying rent. An individual can receive no more than €1,000 for 2026 while a jointly assessed couple has a combined ceiling of €2,000. The claim is also limited by the Income Tax actually due.So an individual who paid €4,000 in qualifying rent has a maximum calculation of €800, not €1,000. Someone who paid €8,000 reaches the €1,000 ceiling but may receive less if their Income Tax liability is lower.Revenue’s Rent Tax Credit overview sets out the…
The priority dates for a 2026/27 SUSI grant have passed. The application system is still open. New applicants had a priority deadline of 9 July 2026. For renewal applicants, it was 11 June. Applying now is still worthwhile, although a decision may not be ready before college begins.That timing matters. A student looking at a room in Galway or Dublin cannot safely promise the landlord that a maintenance payment will arrive with the first month’s rent. SUSI has to assess the application, the college must confirm registration and any missing document can pause the process.The financial assessment normally uses reckonable…
School uniforms have a habit of becoming urgent all at once. A jumper bought in May no longer fits in August, shoes are suddenly too small and the list from school includes another PE kit. For families who qualify, the Back to School Clothing and Footwear Allowance can take some of the sting out of that bill.The 2026 payment is €160 for an eligible child aged between 2 and 11. It rises to €285 for a child aged between 12 and 22, although anyone aged 18 to 22 must still be in second-level education. Applications close on 30 September 2026.Some…