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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)>

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