The standard rate cut-off point for income tax payers should be increased to at least €50,000, Deloitte has proposed in a pre-budget submission. The current cut-off point is €44,000, which means all income above that amount is taxed at the higher rate of 40pc. Currently, some workers can pay a combined marginal tax rate of 52pc on additional income. This could be achieved by introducing universal tax treatment of all investment income at marginal income tax rates, taxing all investment gains at Capital Gains Tax (CGT) rates, providing CGT loss relief across all chargeable investments, and removing the eight-year exit charge for investment funds,” the submission says. This is why we call for a reduction in the CGT rate to 20pc to unlock capital, encourage business succession, and boost reinvestment.”

Source: Irish Independent March 30, 2026 15:01 UTC