Larger Package of Tax Measures in Budget than Expected
Families will save about €1,000 a year per child, while the Government also plans higher tax bands and welfare increases.
- On Tuesday, Tanaiste and Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers unveiled an €8.5 billion Budget 2027 package comprising €7 billion in spending and €1.65 billion in tax changes, prioritizing tax relief, childcare support, and cost-of-living measures.
- Ireland enters from a strong fiscal position, reporting a €6.9bn surplus this year, supported by ongoing corporation tax windfalls, as the government aimed to address mounting public pressure over high energy and fuel costs.
- Harris raised the income tax threshold for the 40% rate to €46,500, while capping childcare costs at €550 monthly—a step the government described as significant toward its €200-per-month goal by administration's end.
- Welfare recipients gain a €10 weekly increase in pensions and core social payments, while first-time buyers access €35,000 under the Help-to-Buy scheme, with child support payments rising €6 for both age groups.
- The government introduced a new Personal Investment Fund capping tax-free accumulation at €50,000, while raising excise duty on cigarettes and implementing a 7pc derelict property tax to balance revenue and targeted support.
23 Articles
23 Articles
What we're expecting to see in the Budget 2027
With Budget Day here, much of what to expect is already out there. That said, there are a few well-flagged items that might not make the final cut when Jack Chambers and Simon Harris get up to speak from 1pm on Tuesday. Here's what to keep an eye out for in the Budget this afternoon... […]
Evening Standard
Pension increases and cuts to childcare costs likely to feature in Budget 2027
Finance Minister Simon Harris and Minister for Public Expenditure Jack Chambers will unveil the spending plan in the Dáil later on Tuesday.
Budget 2027: the key points as childcare set to be capped
Budget 2027 will be unveiled at lunchtime on Tuesday, and families look set to be among the biggest winners, with a long-awaited cap on childcare fees expected to headline the package. Finance Minister Simon Harris and Public Expenditure Minister Jack Chambers are due to set out tax and spending measures worth around €8.5 billion, though nothing is confirmed until they stand up in the Dail. Here is what is expected. Childcare fees to be capped T…
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