Irish workers on minimum wage receive bump as part of Budget 2022
The government has today announced an increase in the national minimum wage as part of Budget 2022.
The rate will rise from €10.20 per hour to €10.50 per hour, as recommended by the Low Pay Commission.
Due to this change, the Universal Social Charge (USC) has been modified to ensure the salary of a fulltime worker on minimum wage remains outside its top rates.
The ceiling of the second USC rate band will be increased from €20,687 to €21,295.
An exemption from the top rate of USC for all medical card holders and people over 70 earning less than €60,000 will also be retained.
Our Budget coverage is brought to you in association with Duggan & Power Chartered Accountants & Registered Auditors
Duggan & Power
2nd Floor, Odeon House, Eyre Square, Galway
Emmet Square, Birr, Co Offaly
Phone + 353 (0) 91 533530
Fax + 353 (0)91 533560
+ 353 (0)5791 21710
+ 353 (0)5791 21000
Email: Liam.Power@ dugganandpower.ie
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.