ieExplains: Here are the cost-of-living payments from Budget 2024 that take effect from today

The national minimum wage will increase by €1.40 to €12.70 an hour from January 1.

A reduction in USC and an increase to the minimum wage are just some of the changes that take effect today as a result of Budget 2024.

Announced in October, Budget 2024 contained a slew of cost-of-living measures and tax changes which the Government said would be phased in over a period of months.