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Budget 2018

  • 11/10/2017
  • Author:bridgetmccall

Read our guide to the key points likely to affect Turn2us users

Pile of Euro coins

Budget 2018 was announced on 10 October.

Here are some of the key points that might affect people who use our services.

Childcare, education and youth employment

  • From September 2018, the Early Childhood Care and Education Scheme (ECCE) will be extended from the current average of 61 weeks to give an entitlement of a full two years' (76 weeks) care and education

  • An additional 1.7 million Euro will be provided towards the School Meals Programme for newly designated Department of Education and Skills (DEIS) schools

  • A Youth Employment Support Scheme will be set up in 2018 to help long-termed unemployed young people back into work

  • Extra funding is provided for day services for school leavers with disabilities.

Energy

  • The Fuel Allowance season will be extended by one week to the first week of April 2018

  • 7 million Euro is provided for the Renewable Heat Incentive Scheme

  • An extra 35 million Euro is given to expand energy efficiency programmes in the residential, commercial and public sectors.

Housing

  • 1.83 billion Euro have been allocated to housing

  • The Housing Assistance Payment Scheme budget is increasing by 149 million Euro - a total of 301 Euro. This will allow a further 17,000 households to be supported in 2018 as well as help the development of the Housing Assistance Payment Place Finder Service for people who are in emergency accommodation

  • There is to be an increase in funding for homelessness services of 18 million Euro, bringing the total amount of support to more than 116 million Euro. The aim is to have 3,000 exits from homelessness in 2018

  • 3,800 social houses are to be built by local authorities and approved housing bodies. 4,000 social housing homes will be delivered next year through the Social Housing Current Expenditure Programme

  • Mortgage Interest Relief will be retained but reduced for remaining recipients (owner-occupiers who took out qualifying mortgages between 200-2012) on a reducing rate - 75% of the existing 2017 relief into 2018, 50% into 2019 and 25% into 2020 and ceasing from 2021

  • An extra 5 million Euro will be provided for the Mortgage to Rent Scheme. - a total of 22 million Euro for 2018

  • Rent Tax Relief which has been reducing since Budget 2011 will no longer be available from 2018.

National Minimum Wage

  • National Minimum Wage will increase from 9.25 to 9.55 Euro per hour.

Prescription charges

  • Prescription charges will be reduced from 2.50 to 2 Euro per item for all medical card holders aged under 70

  • Monthly cap drops from 25 to 20 Euro

  • Threshold for the Drugs Payment Scheme drops from 144 to 134 Euro.

Social welfare

  • All weekly social welfare payments will increase by 5 Euro from the last week of March 2018.  This includes Disability Allowance, Carer's Allowance, Jobseeker's Allowance and the State Pension

  • All long-term social welfare payment recipients will receive a Christmas bonus payment of 85% in 2017

  • The earnings threshold for One Parent Family Payment and the Jobseeker's Transitional Scheme will increase by 20 Euro

  • The threshold for the Family Income Supplement will rise by 10 Euro per week for families with three children. There will also be a 2 Euro per week rise in the rate of the qualified child payment

  • The Telephone Support Allowance will increase by 2.50 for people receiving the Living Alone Allowance who are eligible for Fuel Allowance

  • The Back to Work Family Dividend scheme will be retained. This helps families to move from social welfare to employment

  • An extra 10 million Euro will be given to the Free Travel Scheme.

Tax

  • Standard Rate Income Tax Band for all earners is increasing by 750 Euro

  • Home Carer Credit will rise by 100 Euro to 1,200 Euro

  • Incomes of €13,000 or less will continue to be exempt from USC in 2018

  • The Earned Income Credit will increase from 950 to 1,150 Euro.

More information and sources

You can use the Irish Times' Budget Calculator to see how Budget 2018 will affect you

 

 

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