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Here's how much your pay will change after Budget 2015

What are you going to do with all that money?

THE BUDGET FOR many people comes down to one question: how does it affect my pocket.

Talk of tax bands, USC and cutoff points are irrelevant to many people, who just want to know how they are affected.

Here are some examples of how today’s announcements can change your yearly take-home pay.

This estimation only takes into account the changes in taxation, not in external charges such as water charges or property taxes.

Single person, no children:

Single person

On €17,542 (Minimum wage): Up €173 a year, €3 per week
On €35,000: Up €396 a year, €8 per week
On €70,000+: Up €747 a year, €14 per week

A married couple, one income, no children:

Married Married couple Married couple

On €17,542 (Minimum wage): Up €173 per couple a year, €3 per week
On €35,000: Up €174 a year, €3 per week
On €70,000+: Up €657 a year, €13 per week

Married couple, one income, two children

Married kids Married couple with kids Married couple with kids

On €17,542 (Minimum wage): Up €189 per couple a year, €4 per week
On €35,000: Up €294 a year, €6 per week
On €70,000+: Up €777 a year, €15 per week

Married couple, two incomes, one child

Once kid two workers Family Family

Each on €17,542 (Minimum wage): Up €314 per couple a year, €6 per week
Each on €35,000: Up €732 a year, €14 per week
Each on €70,000+: Up €1352 a year, €26 per week

Unemployed people and pensioners: No change outside of child benefit, living alone allowance and Christmas bonus

Keep up with all of our Budget coverage here

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