This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
Dublin: 4 °C Sunday 29 March, 2020

Forgot about these Budget changes? They kicked in yesterday

Here are the details.

Image: Shutterstock/Syda Productions

BUDGET 2015 WAS announced back in October, but it will take a while for some of the effects to be felt.

It’s worth nothing that IBEC said that most workers will be about 1% better off in their take-home pay as a result of Budget 2015 measures.

On 1 January, a number of the changes kicked in. Just in case you forgot what they were, here’s a reminder:

As for the rest of the year, we can expect:

  • Tax breaks for farmers and assistance for farmers who receive income from another job to supplement income
  • €55.5m to be spent on tackling homelessness.
  • New back to work family dividend introduced to allow families to hold on to qualified child increases for 12 months after getting back to work (reduced by 50% in the second year).
  • From September 2015, there will be more than 1,700 new teachers.
  • The new Irish film tax credit scheme will commence
  • The Living City initiative will be rolled out in full in early 2015.
  • The Home Renovation Scheme has been extended to include those in the rental market, applying to work done by the end of 2015.

Originally published: 21.47

BUDGET 2015: As it happened (and what it did to and for you)>

  • Share on Facebook
  • Email this article

Read next: