WelfareIncreases to welfare payments are a certainty for pensioners, carers, people with disabilities and others. There may also be a hike in the additional rate paid to parents in receipt of welfare payments whose children meet certain circumstances. A doubling of the credit is viewed as unlikely, as it has a price tag of €200 million and would eat up a lot of the room to manoeuvre in the tax package. One option on the table is a 20 per cent tax relief on a portion of rental income. The increase is likely to benefit over 50,000 students and will see payments increase by over €300 this academic year.

Source: The Irish Times October 09, 2023 16:58 UTC