Middle-income earners could save €1,000 a year under new 30% tax bracket

It is estimated that if the 30% band was introduced to cover income from €36,800 to €46,800, it would lead to a tax saving of €1,000 per year for the individual. Picture: iStock

Middle-income earners could save about €1,000 a year should the Government introduce a new 30% tax rate in the budget.

Wednesday will see the publication of the Government’s tax strategy papers which will set out a range of options for next month’s budget.