The USC and Income Tax cuts announced in Budget 2018 took effect from January 1st 2018 – But just how much will your Take Home Pay Increase in 2018 ?
(See figures for 2019 Take Home Pay Here)
The changes will be so small – many people probably won’t even notice them.
Summary of the 2018 changes to USC
Summary of Income Tax changes 2018
Here is a table with some examples of the increases in take home pay for various annual salaries
( Single Earner – Figures rounded to the nearest Euro)
| Gross Annual Salary |
Net Monthly Pay 2017 |
Net Monthly Pay 2018 |
Monthly Increase |
Annual Increase |
| €15,000 |
€1239 | €1240 | €1 | €15 |
| €20,000 | €1546 | €1550 | €4 | €54 |
| €25,000 |
€1813 | €1819 | €6 | €65 |
| €35,000 |
€2385 | €2405 | €20 | €241 |
| €40,000 |
€2598 | €2619 | €21 | €253 |
| €60,000 |
€3447 | €3473 | €25 | €303 |
It’s interesting to note that Pensions and Welfare payments will go up by €5 a week or €260 a year in March 2018
For workers , after these USC and tax changes , a single person on €25000 a year will see just a €65 annual take home pay increase.
A single working person will have to be on around €45000 a year to see an annual rise in take home pay of €260 in 2018.
More here about those €5 a week Welfare Increases in 2018