PAYE workers will benefit from changes to tax bands and USC

PAYE and earned income tax credits will rise by €100 each, the 4.5% rate of USC will be cut to 4%, and the income threshold for paying USC at all will be upped to €25k

Finance Minister Michael McGrath and Public Expenditure Minister Paschal Donohoe fielding questions at a press conference in Government Buildings after their Budget 2014 statements in Dáil Éireann. Picture: Sasko Lazarov/Rolling News

Workers are to benefit from Budget 2024 changes to income tax bands and adjustments to USC rates under a personal income tax package worth €1.3bn, with relief also coming for mortgage holders, landlords, and renters.

Finance Minister Michael McGrath told the Dáil that employee PAYE and earned income tax credits will be increased by €100 each.