Advertisement

News

What's In Budget 2022?

Ministers have announced details of Budget 2022 in the Dáil. Half price public transport for young p...
Jack Quann
Jack Quann

2:43 PM - 12 Oct 2021



What's In Budget 2022?

News

What's In Budget 2022?

Jack Quann
Jack Quann

2:43 PM - 12 Oct 2021



Ministers have announced details of Budget 2022 in the Dáil.

Half price public transport for young people, a large increase in the number of Gardaí and subsidies for childcare are among the biggest measures.

The main weekly welfare payments, including the State pension, are to rise by €5 a week - along with the weekly fuel allowance.

The point at which people start to pay the higher rate of tax will go up by €1,500.

While carbon taxes will also increase from midnight - meaning petrol, diesel, coal and home heating oil will be more expensive.

Here are the main points:

Welfare

  • A €5 weekly increase for all social welfare recipients
  • The weekly fuel allowance is to increase by €5 from tonight
  • The Christmas bonus will be paid in full for 2021
  • The State pension will increase by €5
  • An extra €3 will be added to the Living Alone Allowance
  • More carers will qualify for payments in the first major reform of the Allowance in over a decade
  • A COVID-19 contingency fund is being created and includes €500m for testing and tracing, a vaccine booster campaign and PPE
  • EWSS scheme extended in a graduated form until April 30th 2022
    - No change to the scheme in October and November
    - In December, January and February, a two-rate structure of €151.50 and €203 will apply
    - In March and April 2022 a flat rate of €100 will be in place - reduced employers PRSI to no longer apply
    - Scheme closes to new entrants from January 2022
  • The earnings limit on Disability Allowance will rise from €350 to €375

Parents and families

  • The Back to School Allowance will go up by €10
  • Parents Benefit to increase to seven weeks from July next year
  • Plans to freeze childcare fees have been unveiled
  • Free GP care will be given to children aged six and seven - with plans to extend it to those up to 12 years
  • New funding stream for 4,700 childcare providers from September 2022
  • The pupil-teacher ratio in primary schools will be reduced by one point

Taxes

  • The lower tax band of €35,300 will rise by €1,500
  • A €50 rise in the personal tax credit
  • The ceiling for the second band of USC is rising to €21,295
  • The USC exemption for medical card holders and those over-70, earning less than €60,000, stays in place
  • Carbon tax will rise by €7.50 per tonne - increasing the price of natural gas, bag of coal and bale of briquettes
  • The cost of a full tank of petrol will go up by €1.28 and the diesel will go up by €1.50
  • The VRT exemption for Battery Electric Vehicles is to be extended to the end of 2023
  • A revised motor tax system from January will see:
    1% increase in VRT for bands 9-12
    2% increase for bands 13-15
    4% increase for bands 16-20
  • Reduced VAT rate of 9% for hospitality sector will remain in place until August 2022

Cost of living

  • The minimum wage is rising by 30c to €10.50 an hour
  • The price of alcohol will be unchanged - 50 cent will be added to the cost of a pack of cigarettes from midnight
  • A pilot scheme is being introduced to provide a basic income for artists
  • The live events sector is to get €25m in support
  •  €25m for a new Youth Travel Card, which will see 50% discount on public transport for those aged 19-23

Health

  • Core health spending is to increase by €1bn, to a record €20.38bn
  • 8,000 new posts to be created across the health system
  • Free contraceptives for women aged 17-25 from next August
  • There is a €250m package to shorten waiting lists
  • €105m for disability services
  • A package on domestic and sexual violence, including extension of legal aid for victims and funding awareness campaigns

Work

  • Working from Home employees can claim back 30% of vouched expenses for heat, electricity and broadband
  • An extra 800 Gardaí will be hired and 400 civilian staff
  • An extra 980 teachers and 1,165 new Special Needs Assistants (SNAs) to be taken on
  • €6.7m for a Youth Justice Strategy to tackle anti-social behaviour

Housing

  • €202m is to be spent on retrofitting homes, which will support 22,000 energy upgrades
  • The Help-To-Buy scheme will be retained for 2022 at current rates with a 'full review' next year
  • A Zoned Land Tax to encourage the use of land for building homes - this will apply to land zoned suitable but undeveloped
  • New mica redress scheme to be announced 'in coming weeks'


Read more about

Budget 2022 Carbon Tax Gardai Public Transport State Pension Welfare Payments

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

The Last Word With Matt Cooper

The Last Word With Matt Cooper

4:30 PM-7 PM

Share

Up next

Pamela Joyce

Pamela Joyce

7 PM-10 PM

Share

Ed Smith

Ed Smith

10 PM-12 AM

Share

Overnight

Overnight

12 AM-5 AM

Share

Early Breakfast

Early Breakfast

5 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-9 AM

Share

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

Mairead Ronan

Mairead Ronan

12 PM-2 PM

Share

Fergal D'Arcy

Fergal D'Arcy

2 PM-4:30 PM

Share

The Last Word with Matt Cooper

The Last Word with Matt Cooper

4:30 PM-7 PM

Share

00:00:00 / 00:00:00

Share on