Fianna Fail’s Budget prioritises helping people, families and businesses with the increased cost of living, and increasing investment in housing, water, energy and key infrastructural projects will protect Ireland’s progress and secure our future.
- A €12 increase in the state pension.
- Over-70s are to benefit from a new “bring a friend” expansion of the free travel scheme.
- The point at which people pay the higher rate of tax of 40% will increase from €42,000 to €44,000.
- The personal, employee PAYE and earned income tax credits will go up by €125.
- The 4% rate of Universal Social Charge is reduced from 4% to 3% on incomes €25,000 to €70,000.
- Parents of newborns will receive a one-off payment of €420.
- €15 weekly increase in maternity, paternity and parents’ benefit.
- Free IVF scheme will be expanded.
- Two double payments of Child Benefit in November and December.
- A double payment of all welfare rates in October and December.
- A €400 lump sum for those in receipt of the working family payment.
- Weekly social welfare payments such as the state pension, Carer’s Allowance. disability payments and Jobseeker’s Allowance will rise by €12.
- Students will get €1,000 off their college fees and postgraduate students will see their fee contribution grant increase from €4,000 to €5,000.
- Free hormone replacement therapy (HRT) for women.
- Renters tax credit will increase to €1,000.
- Expansion of free schoolbooks to all second level students.
For more information on Budget 2025, click HERE.
