Budget 2021


For all today’s announcements…


Leaked so far

-increase of €5 in the qualified payment for children aged 12 and over.
-€2 per week increase for children aged under 12
-increase the allowance for Social Welfare recipients who live on the islands up to €20 a week.
-€2000 increase in the Widowed or Surviving Civil Partner Grant.
-Christmas bonus for the majority of those receiving the Pandemic Unemployment Payment.

Apprenticeship Scheme where employers get €3,000 to take on an apprentice set to be extended in Budget 2021

-coming in at €3.3 billion
-12,750 new homes will be added to the stock of social housing of which 9,500 will be built.
-The Help To Buy scheme is going to be extended at its current level, which allows up to €30,000 in tax clawbacks on a new home.

-bring down pupil teacher ratios to 25:1 with the creation of 600 new positions
-€50 million fund to provide a once-off financial assistance to full-time third-level students. The measure is likely to be worth €250 to each student.
-The post-graduate grant will increase from €2,000 to €3,500, plus the qualifying income threshold will rise from €30,000 to €54,000.

Cabinet have given the green light to take next step towards the upgrading of the Dunkettle Interchange in Cork.

-No change to Income Tax, USC or PRSI
-VAT rate for the hospitality sector will be cut from 13.5 per cent to nine per cent


What time does the actual announcement happen?


Around 1pm


More funding for housing retrofits to get homes to a B2 BER rating


All docs here now