Donohoe hints he may raise threshold of higher tax band

Finance Minister may increase threshold to higher tax band to €39k as speculation mounts around provisions in Budget 2023

Finance Minister Paschal Donohoe stressed that this month's budget is intended to ensure workers have more money in their pay packets. File picture

Finance Minister Paschal Donohoe has indicated his support for adjusting the higher tax band to ensure workers can keep more of their income.

As part of Government budget deliberations, Mr Donohoe is considering increasing the threshold for entry into the higher tax band to €39,000 per year.