Summary of Measures

wonderfulname

Amazing what slipped his mind in that speech... link

BoB_BoT

missed what, the link or something in it?

wonderfulname

BoB_BoT wrote: »

missed what, the link or something in it?

Read the link, measures stemming from the budget, its from budget.gov.ie so its all true, the speech left out a few major things.

smiles302

You couldn't just tell us what he left out?

BoB_BoT

in work atm, so can only really skim when I get a few seconds. There's a lot that wasn't mentioned in that document, I'd imagine he only covered what was considered "important". He didn't mention the fee for students I think, but it's mentioned in that document, up to 2000.

RedXIV

thats what caught my eye as well

ei.sdraob

all the levies being rolled up into social solidarity rate, 7% for average earner :rolleyes:

TouchingVirus

Health Levy and Income Levy abolished in 2011, but here's the new UNIVERSAL SOCIAL CHARGE (USC):

0% < €4,004
2% €0 to €10,036
4% €10,037 to €16,016
7% > €16,016

Artists Tax has an exemption ceiling of €40,000.

The current VRT flat-rate of €50 for Commercial (Category C) vehicles is being increased to €200, to take effect from 1 May 2011.

From 1 January 2011, employee contributions to occupational pension schemes and other pension arrangements will be subject to employee PRSI and the Universal Social Charge. The PRSI change will be legislated for in the Social Welfare Bill.

Deposit Interest Retention Tax and Exit Taxes on Life Assurance Policies and Investment Funds: The rate of retention tax that applies to deposit interest, together with the rates of exit tax that apply to life assurance policies and investment funds, are being increased by 2 percentage points in each case and will now be 27% for payments made annually or more frequently and 30% for payments made less frequently than annually. The increased rates will apply to payments, including deemed payments, made on or after 1 January 2011.

Abolition of various property/stamp duty reliefs and exemptions, in respect of instruments executed on or after 8 December 2010, as follows:
• First time buyer relief
• Exemption for new houses under 125 sq m in size
• Relief on new houses over 125 sq m in size
• Consanguinity relief for residential property transfers
• Exemption for residential property transfers valued under €127,000
• Site to child relief


There will be a reduction of €6 per week in the rate of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 22-24.

The rate of payment of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 18- 21 is unchanged.

There will be a reduction of €10 in the personal weekly rate of Supplementary Welfare Allowance.

Child Benefit will be reduced by €10 per month from January 2011 on both the lower and higher rate with an additional €10 per month decrease for the third child. The new rates will be €140 per month (first and second child), €167 (third child), €177 (fourth and subsequent children).

The Rent Supplement Scheme will be reformed in order to control expenditure. This will include an additional €2 per week contribution by certain welfare recipients towards the cost of rent. This is consequential on the reduction in the rate of Supplementary Welfare Allowance.

School transport - Increase post-primary charge to €350 and introduce €50 fee at primary level (exc. Medical card holders), subject to maximum family charge of €650. Also implement recommendations of VFM review (excl. recommendations on charges).

Replace Student Services Charge with a flat higher education student contribution of €2,000, and introduce €200 charge for PLC students. The higher Student Service charge will only apply to one child in a family at any one time.

Student Support Scheme - 4% reduction in rates of grant, consistent with the % reduction in all DSP working-age payments; limit mature students benefits to those payable to ordinary students; and reduce proportion of students qualifying for the non-adjacent rate by changing qualifying criteria from 24km to 45km.

FÁS - €8 reduction in all weekly training allowances
and similar support payments, consistent with the rate reduction in all DSP working-age payments, and reduce long-term unemployment bonus paid to VTOS students from €31.80 p.w. to €20.

€9m across the board reduction in maintenance expenditure on national, regional and local roads.

BoB_BoT

posted this here.

BoB_BoT wrote: »

just to keep it neat, on B6 of the summary document, am I to take those numbers as, if I earn more than €16016, I pay 7% on that in the USC tax?

TouchingVirus

TouchingVirus wrote: »

There will be a reduction of €6 per week in the rate of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 22-24.

So if you're 22-24 then you're reduced by approx. €14 ultimately?

wonderfulname

smiles302 wrote: »

You couldn't just tell us what he left out?

Sorry there was quite a bit, it depends who you are as to what you deem important so I figured it wouldn't be too difficult for people to work a contents page... its not all that long anyway.

Konata

TouchingVirus wrote: »

There will be a reduction of €6 per week in the rate of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 22-24.

The rate of payment of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 18- 21 is unchanged.

There will be a reduction of €10 in the personal weekly rate of Supplementary Welfare Allowance.

So confused by this! I'm 20, on 100 a week Supplmentary Allowance and can't work out what I'll be on come January but I THINK it's 92 euro a week? Since it's an 8% reduction on all social welfare payments?

Mr Tim Buktoo

is petrol going up from tonight?

Konata

Mr Tim Buktoo wrote: »

is petrol going up from tonight?

Yup, up 4c a litre from midnight.

raveni

Konata wrote: »

So confused by this! I'm 20, on 100 a week Supplmentary Allowance and can't work out what I'll be on come January but I THINK it's 92 euro a week? Since it's an 8% reduction on all social welfare payments?

But then it goes on to say "The rate of payment of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 18- 21 is unchanged." Unchanged?? does that just mean there won't be an additional reduction to the 8%, or that there's no reduction at all? I'm probably just grasping at straws here

Balagan

raveni wrote: »

But then it goes on to say "The rate of payment of Jobseeker’s Allowance and Supplementary Welfare Allowance for those aged 18- 21 is unchanged." Unchanged?? does that just mean there won't be an additional reduction to the 8%, or that there's no reduction at all? I'm probably just grasping at straws here

No reduction at all at all!