Tuesday 17 October 2017

Your Budget: More had been hoped for on tax credits and benefits

Self-employed

Karen Nolan

Karen Nolan
Karen Nolan

HAIRDRESSER Karen Nolan is disappointed that her tax credit as a self-employed person has only risen by €200 and is still significantly lower than that of a PAYE worker.

She was also hoping that she might qualify for more welfare benefits through her PRSI contributions.

Ms Nolan took the plunge 18 months ago, when she took over the hair salon where she had formerly worked and became self-employed.

The mother-of-two now employs six other people at the busy salon in Kennedy Avenue, Co Carlow.

She said being the owner of the salon offered her the potential to increase her income substantially, but that she would like more social security if it didn't work out.

"I have better working hours and more flexibility with the kids, but the main challenges are meeting my targets and you have to have enough in your account for your tax bill at the end of the year.

"It was a risk to do this, but also an opportunity to put my own ideas into play with the potential to make more money.

"But if it goes belly up, I won't receive any social welfare because it will be means-tested," she added.

Ms Nolan said that she was hoping that employers would be able to receive more benefits through their PRSI contributions and receive an increase in their tax credits, albeit a modest one.

Irish Independent

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