Budget 2025: social welfare hikes, a ‘mansion tax’ and cheaper car insurance, here’s everything you need to know
Weekly social welfare rates will rise by €12A third rate of stamp duty, worth 6pc which will be introduced for properties worth over €1.5mCost of a typical vape will increase by more than €1, with a packet of cigarettes rising by €1The amount of money an employer can give employees as bonus payment will increase to €1,500.There will be an additional 485 beds across hospital and community servicesFree public transport has been extended to children aged 5-8 years oldCollege fees have been reduced by €1,000
Budget 2025
The coalition has made it’s multi-billion-euro pitch to voters ahead of the general election – with an €8.3bn Budget comprising €1.4bn in tax cuts and €6.9bn in new spending.
Included in the raft of measures is an increase in the entry point for the higher rate of tax, a number of hikes in social welfare payments and a series of once-off payments to deal with the cost-of-living.
Among the notable measures are…
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