• Skip to content
  • Skip to primary sidebar
  • Skip to footer

Jigsaw Financial Solutions Ltd.

Financial Solutions

  • About Us
  • Services
  • Featured Businesses
  • Our Remuneration
  • Blog
  • Testimonials
  • Contact Us

manager / October 14, 2014

Budget 2015

Here are the main points of today’s budget:

  • Universal Social Charge will not be applicable for those earning below €12,012.  Once you exceed €12,012 the rate will be 1.5%, €12,013 to €17,576 @ 3.5% & €17,577 to €70,044 @ 7%
  • There is now two new top rates of USC for high income earners, with 8% over €70,000 and for self employed where the income is over €100,000 the rate of USC will be 11%
  • Extension of the exemption from the 7% rate of USC for medical card holders whose aggregate income does not exceed €60,000, who will now pay a maximum rate of 3.5% USC.
    Individuals aged 70 years and over whose aggregate income is €60,000 or less will pay a maximum rate of 3.5% USC
  • Top rate of income tax reduced by 1%, to 40%
  • Standard cut off points have increased by €1k from €32,800 to €33,800 for a single person and €41,800 to €42,800 for a married couple
  • Cigarettes have gone up by €0.40c.  For a pack of 20 it is now €10.
  • Alcohol hasn’t increased
  • Petrol and Diesel remain the same
  • Motor Tax and Vehicle Registration Tax has not changed
  • Corporate Tax rate will not move from 12.5%
  • VAT rate of 9% to remain in the tourism industry
  • 0.6 % pension levy will continue to the end of the 2014 with the remainder of the pension levy  ceasing at the end of 2015
  • DIRT tax refunded to first-time buyers who save for their deposit
  • Income tax relief at 20 per cent on water charges up to €500 per year per household
  • Child benefit up by €5 per child
  • €2.2billion capital investment in social housing over three years
  • An extra €10m to be put into the problem of homelessness
  • €1.6b to go into 300,000 places in Pathways to Work scheme, 6,000 positions in JobsPlus
  • €19.4b to Dept of Social Protection, no cuts to social welfare schemes for first time since 2009
  • Living Alone allowance up by €9 a week
  • 25 per cent bonus to social welfare recipients this Christmas
  • Water subsidy of €100 per annum for all recipients of free fuel allowance scheme who are not already covered by household’s package
  • 1,700 additional full time teachers and SNAs to be recruited
  • €10m a year for Palestine, on top of €2.5m for Gaza
  • €212m for Arts, Heritage and the Gaeltacht, an increase of €4m

 

Filed Under: Blog, General Information, Uncategorized

Reader Interactions

Primary Sidebar

Categories

  • Blog
  • General Information
  • Give away
  • Uncategorized

Search

Facebook

Jigsaw Financial Solutions Ltd

Footer

Site Links

  • About Us
  • Services
  • Featured Businesses
  • Our Remuneration
  • Blog
  • Testimonials
  • Contact Us

GET IN TOUCH WITH US TODAY

   01 2839360
   lorraine@jigsawfinancialsolutions.ie
  • Privacy Policy
  • Cookies Disclaimer
  • Sitemap
Made by Friday.

Jigsaw Financial Solutions is Regulated by the Central Bank of Ireland. Registered Office: 1A The Cranford Centre, Montrose, Dublin 4. Registered in Ireland. Company Reg. 502527

Cookies & Privacy
We use cookies on our website to give you the most relevant experience. By clicking “Accept” you consent to the use of all cookies.
Visit Cookie settings to control consent.
REJECTACCEPT
Cookie Settings

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non Necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

Advertisement

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

Performance

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Save & Accept