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Phone: 045-888 488 or 01-618 3007

BUDGET 2016 HIGHLIGHTS

1. Childcare Incentives:

– Free preschool from age 3 to 5½ years:
I have consistently raised this issue in my pre-budget submissions

– €5 increase in Child Benefit to €140 per month
– Paid paternity benefit for 2 weeks

2. 600 more Gardaí:

– 900 new Gardaí recruited since this Government reopened Templemore.
I have once again written to the Minister for Justice and the Garda Commissioner to allocate a number of these new recruits to Kildare

3. Smaller classes, more teachers:-

– Pupil teacher ratio now 27:1
– 2,260 additional teachers to be recruited in 2016
I met with a number of teachers and Principals recently and constantly pressed the Minister to listen to their concerns

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4. USC changes to benefit all:

– Entry level to USC increased to €13,000
– 700,000 now exempt from the payment
– USC rates to fall from 1.5% to 1%; 3.5% to 3%; 7% to 5.5%

5. Property Tax Valuation Frozen:

– House valuations to remain the same until 2019

CHANGES TO SOCIAL WELFARE PAYMENTS

  • Christmas Bonus increased from 25% to 75% for long term recipients
  • Weekly Pension increased by €3 for those aged 66 years or over
  • Child Benefit increased by €5 to €140 per child
  • Carer’s Allowance to be paid for 12 weeks (up from 6 weeks) after the death of the person being cared for
  • Fuel Allowance increased by €2.50 to €22.50 per week
  • Family Income Supplement threshold increased by €5 per week for each of first two children
  • €2 increased for Qualified Adults under 66 yrs & €2.70 over 66 yrs
  • Carer’s Support Grant increased by €325 to €1,700 per year (formerly the Respite Care Grant)

SUPPORT FOR BUSINESS

  • Earned Income Tax Credit of €550 for Self Employed
  • Capital Gains Tax reduced from 33% to 20% up to an overall limit of €1 million
  • Entry point for employer PRSI increased by €20 per week to €376 per week
  • Reduce costs and incentivise electronic payments saving retailers an estimated €36 million in fees per year
  • Commercial Road Tax simplified and reduced – tax starting at €92 up to €900
  • 9% VAT on Tourism Sector remains
  • Micro breweries relief will now be available upfront

HOUSING

  • NAMA to deliver a target of 20,000 residential units before 2020, 90% of these in the Greater Dublin Area
  • 17,600 people to have their housing needs addressed in 2016
  • 9,500 social housing units by 2018: 3,100 will be provided in 2016

SHARING THE BENEFIT OF ECONOMIC RECOVERY

  • Minimum wage will increase from 1 January 2016 to €9.15 per hour
  • A single worker on the minimum wage will see €708 increase in annual net income
  • Paternity Benefit Scheme to be introduced from September 2016
  • Free GP care extended to under 12s