It’s almost time for the Budget 2023. The finalized announcements will be made tomorrow afternoon but until then make sure to tune into the Alpha Wealth social media channels for continuous updates. In this blog post, we will be mentioning all the expected changes for tomorrow’s Budget.
One-off cost of living measures – Budget 2023
- The fuel allowance could be increased or extended.
- The household benefit package gives 484,000 people €35 per month towards gas and electricity.
- Households to get €600 in three energy credits.
What is happening with tax cuts?
- It is likely there will be changes to income tax bands to take into account wage increases.
- The higher rate tax band is rumoured to be increased to €39,500.
Health system changes
- There is a discussion around reducing hospital fees and medical care costs.
What is happening with childcare costs and education?
- Free books for all primary school children.
- €500 reduction in the cost of going to college.
- Reduction in childcare costs by €200 per month.
Housing Crisis – Budget 2023
- Renters are in line for some one off tax breaks, potentially amounting to €400.
Make sure to make use of the Alpha Wealth Budget Calculator if you are paying less tax after tomorrow’s Budget. Check out our Youtube page for more videos. Thank you