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Finance Minister Pascal Donohoe and Public Expenditure Minister Michael McGrath outlined the details in the Dáil of budget 2022 announcement. Summary of the changes include:
- 2nd ceiling the Universal Social Charge rate band increases from €20,687 to €21,295
- Minimum wage rises 30 cent to €10.50 per hour
- Standard rate bands increased by €1,500
- Personal tax, employee tax and earned income credits by €50
- Income tax deduction amounting to 30% of vouched expenses for heat, electricity and broadband incurred while working from home.
- €5 increase in main weekly welfare payments and State pension confirmed, including young jobseeker's allowance
- Maternity benefit and parental leave payments to be increased by €5 per week
- Parent's Benefit extended by 2 weeks to 7 weeks from July next year
- Employment Wage Subsidy Scheme will remain in place, in a graduated format, until 30 April, 2022 - the scheme will close to new employers from 1 January, 2022.