Monday 24 November 2014

BUDGET 2014: List of items affected…so far

Published 15/10/2013 | 12:44

There will be a reduced dole payment for unemployed people under 26
There will be a reduced dole payment for unemployed people under 26

The old reliables have been hit with increases on drink and cigarettes while pensioners and the unemployed will also have allowances cut.

SOCIAL WELFARE

Bereavement grant of €850 to families of dead people scrapped

OAP telephone allowance of €9.50 a month scrapped

Reduced dole payment for unemployed people under 26

Maternity benefit higher rate to be cut from €262 to 230 a week

Phasing out of mortgage interest supplement for new applicants

Technical changes to the invalidity pension

Clawback from insurance companies on compensation payments

Rent Supplement minimum contribution to be increased

Child benefit for third and subsequent child down €10, as announced

Mortgage Interest Relief to be phased out

RTE subsidy for OAP TV licences to be reduced by €5m from €59m to €54m

Normal dole payment safe

Pension safe

Free Travel safe

Half rate carers allowance safe

Respite Care grant safe

HEALTH

35,000 over 70s to go from medical card to GP only card

Income thresholds on medical cards for over 70s also to be tightened

GP only medical card for all children under 5

Prescription charges to go up by €1

Cuts to hospital services

OLD RELIABLES

Wine to go up by 50c

Pint, spirits and cigarettes to go up by 10c

Cigarette sellers charge to go up 10 fold

No excise duty on petrol and diesel expected

EDUCATION

Ending double payments in training schemes, where participants get two benefits

College registration fees to go up by €250, as announced

Pupil-Teacher-Ratio safe

Private schools subsidy safe

TAXES

Special low tourism VAT rate to stay at 9%

Capital Gains Tax and Capital Acquisitions Tax to increase

DIRT tax on savings expected to go up from 33% to 41%

Old reliables alcohol and cigarettes to go up

Property tax to double next year, as announced

Pension tax relief for high earners to be capped at €65,000, as announced

No change to income tax bands, rates and credits

No change to 12.5% rate of corporation tax

 

 

BANKING

€200m levy on all banks in the State

CONSTRUCTION

Tax break for homeowners hiring registered builders for home improvements

VAT back on home improvements costing between €5,000 and €30,000

JOBS

€200m stimulus plan for capital projects

Illness benefit claim to be extended out to the first six days

€50,000 grant for best start up companies for young entrepreneurs under 25

Local Enterprise Office fund up from €15m to €18.5m

Incentives for domestic companies to take up Research and Development tax credits

50,000 jobs to be created next year

TRANSPORT

Airport charges to be scrapped for certain airports

Subsidy for CIE to be cut by €16m

AGRICULTURE

Grant scheme for producing beef calves

Irish Independent

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