Self-employed on low incomes to suffer most

THE percentage of cuts facing single self-employed people in the lowest earning income bracket is more than five times worse than what their counterparts earning over €175,000 will suffer.

Figures detailed by the Department of Finance confirm that, despite official claims that the budget pain is being shared equally, there continues to be a significant discrepancy in what is really taking place.

According to the statistics, a single self-employed person with no children who has a gross income of €10,000 will be €480 worse off per year (5.3%) as a result of yesterday’s budget details.