Blog Homepage > Budget 2019
We are experts in Public Sector finance and that’s why we have put together this Guide to Budget 2019 which focuses on what it means for you as a Public Sector employee.
The above examples are based on the income tax standard rate bands for single, married or civil partnership households. Those in receipt of the Single Person Child Carer Credit receive an extra €4,000 on the standard rate cut-off point. Therefore after Budget 2019, the income tax standard rate band is €39,300 for parents in receipt of the Single Person Child Carer Credit and who are single, widowed or a surviving civil partner. For financial advice that is specific to your circumstances, call (01) 420 6757 to speak to one of our expert financial consultants.
Income Tax – the income tax standard rate band is to increase by €750 for all earners:
Rented Residential Property – Mortgage interest deduction for rental properties has increased from 80% to 100%. This is effective from 1st January 2019.
Home Carer Tax Credit – to increase from €1,200 to €1,500
Self-employed – an increase in the Earned Income Credit from €1,150 to €1,350
Minimum hourly wage – an increase in the minimum wage from €9.55 to €9.80 per hour
Vehicle Registration Tax (VRT)
Inheritance Tax – The Group A threshold (parent to child) to be increased from €310,000 to €320,000
Economy & jobs
Please note: there may be further changes to the above information following the Finance Bill. Every effort has been made to ensure that the information provided here is accurate and up-to-date (as at 9th October 2018). The information provided is of a general nature and may not address the specific circumstances of a particular individual. Cornmarket does not accept any liability arising from any errors or omissions.