In Budget 2016 some changes to PRSI were announced that will take effect from January 2016. The main reason for the changes are to try and remove the sudden jump in PRSI when gross income goes above the threshold (which is currently €352 a week or €18304 a year). The main reason for introducing this […]
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Budget 2016
Information about Budget 2016 in Ireland
Budget 2016 – Who Gets All The Millions ?
You can see the fine details of Budget 2016 here – and check how it affects your take home pay and child benefit etc. It is interesting to see though , out of all the hundreds of millions of Euro , where the bulk of the “spare” cash was directed this year. The biggest “spend” […]
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Budget 2016 Summary
A summary of all the main Irish Budget 2016 details and changes are listed below . Tobacco: 50c on a pack of 20 cigarettes Alcohol – no changes USC rates cut and thresholds raised – resulting in €772 million of extra take home income for workers : See details of USC Changes Here Capital Acquisitions […]
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New Self Employed Tax Credit Budget 2016
As part of Budget 2016 – a new “Earned Income Tax Credit” will be introduced from January 2016 . It will be €550 and it is for for self employed individuals who are trading as a sole trader or in partnership or business owners who are ineligible for a PAYE credit on their salary income. […]
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Budget 2016 – Minimum Wage Net Pay Increase
Budget 2016 confirmed that the top rate of the minimum wage will be increased in January 2016 by 50c an hour to €9.15 per hour. Full Details Here Alongside the pay increase there will also be PSRI changes and USC changes. So : how much extra will someone get in their take home pay after […]
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