Working families face €3k budget mauling

Working households could be paying an average of an extra €3,000 in taxes and charges following next month’s budget.

With hikes expected in PRSI and universal social charges, as well as a new property tax and reductions expected in pension relief, struggling families will be hit hard again.

The analysis by business advisers Grant Thornton estimates that a family of four, where the couple has a combined income of €80,000, and a house worth €200,000, will be paying out an additional €3,250 next year — an increase of 22%.