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BUDGET 2025 HAS officially been announced, with a range of one-off payments and some changes to taxes charged on income.
Minister for Finance Jack Chambers announced a number of changes to tax this afternoon, including:
An increase to the entrance to the higher rate of tax for PAYE workers (from €42,000 to €44,0000).
The measures will affect people differently depending on their income. You can find out what exactly they mean for you with The Journal’s Budget Calculator.
For a person earning an annual income of €20,000, here’s a breakdown of how your tax will (or won’t) change.
We’ll also be bringing you examples of what it means for people earning €40,000, €60,000 and €100,000 as well as our full Budget coverage on government spending, social welfare, and other changes.
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PAYE
The changes to PAYE will only affect people earning over €42,000, as the threshold has been raised to €44,000.
If you are earning €20,000 a year, you are already only paying the lower rate of tax and so there will be no difference.
Personal tax credits and employee tax credits are increasing by €125 each.
That means savings on PAYE for a single person earning €20,000 will amount to zero from the PAYE changes and €250 from changes to credits.
USC
Changes to USC have also been announced with the 4% rate cut to 3% on incomes between €25,000 and €70,000.
However, for a person earning €20,000 there will be no change to the amount of USC they pay:
0.5% on the first €12,012 = €60
2% on the amount between €12,012 and €20,000 = €275
This is the same as what they will pay in 2025.
Total
The only tax savings for people on €20,000 will be €250.
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Will we still have to pay if we logon to BitBuzz using our FB/Twitter credentials?
For years now I’ve been places where I saw Bitbuzz and instantly discarded it as a viable wifi option as they charge you (€12.50 a day.. outrageous!) to use the service. I will use it now if all i gotta do is input my user credentials.
Can never understand why all bars/cafes don’t have free open wifi. In Vietnam nearly every place you walk into has this and it’s just so handy (and this being a 3rd world country). Just limit the speed so any saddo wanting to download 100gb of data wont get a use out of it while the 99% who simply wanna check mail, use maps, read a review or whatever can use it.
Here in Ireland it’s a case of there being no wifi, or wifi where the access code is 32 random characters that no staff seem to know….it’s a joke.
This is mainly because i think that every business that offers free wifi must by law know who is using it. Login through Facebook or Twitter is a way of doing this.
Nothing new here though? They are just allowing people use their Facebook or Twitter credentials to create an account just like many web sites including this one.
They never get your Facebook credentials – these remain with Facebook. AT basic level, all they can access is your user public profile and friend list. These are publicly available to anybody. Anything else you voluntarily give up through permissions.
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