BUDGET NEWS

 RATES/CREDITS 2013

Personal Tax Credits                                                                              2012  €                                       2013 €

Single persons                                                                                          1,650                                          1,650

Married or in civil partnership                                                                    3,300                                          3,300

Additional one-parent family                                                                     1,650                                          1,650

PAYE                                                                                                          1,650                                          1,650

Age credit - single                                                                                        245                                             245

Age credit - married                                                                                     490                                             490

Home carer                                                                                                  810                                             810

Dependent relative tax credit                                                                        70                                               70

Rent relief

Under age 55 single persons                                                                      240                                               200

Under age 55 married or in civil partnership                                               480                                               400

Over age 55 single persons                                                                        480                                               400

Over age 55 married or in civil partnership                                                 960                                               800

Services charges (max)                                                                               N/A                                                N/A

Incapacitated child                                                                                    3,300                                            3,300

Blind persons 

Single persons                                                                                          1,650                                            1,650

Married or in civil partnership (both blind)                                                 3,300                                            3,300

Widowed additional credit                                                                           540                                                540

Widowed person bereaved in year of assessment                                   3,300                                             3,300

Widowed parent 

1st year after year of bereavement                                                          3,600                                              3,600

2nd year after year of bereavement                                                         3,150                                              3,150

3rd year after year of bereavement                                                          2,700                                              2,700

4th year after year of bereavement                                                          2,250                                              2,250

5th year after year of bereavement                                                          1,800                                              1,800

Exemption limits - 65 years and over

Single/widowed/surviving civil partner                                                     18,000                                            18,000

Married or in civil partnership                                                                   36,000                                            36,000

Standard rate bands

Single/widowed/surviving civil partner                                                      32,800                                           32,800

Married couples, one income                                                                     41,800                                           41,800

Married couples, two incomes                                                                   65,600                                           65,600

One parent/widowed parent                                                                     36,800                                           36,800

Tax rates

Standard rate                                                                                                20%                                               20%

Top rate                                                                                                         41%                                               41%

PRSI

Employee ceiling                                                                                        No limit                                          No limit

Employee PRSI exemption                                                             €127 per week                                No exemption

Employee PRSI rate                                                                                         4%                                                 4%

Employer PRSI (higher rate)                                                                      10.75%                                         10.75%

Employers PRSI (lower rate) 01/01/11-01/07/11                                            N/A                                                N/A

Employers PRSI (lower rate) 02/07/11-31/12/11                                        4.25%                                           4.25% 

Self-employed ceiling                                                                                 No limit                                          No limit

Self-employed - minimum contribution                                                           €253                                             €500

Self-employed PRSI rate                                                                                    4%                                               4%

Universal Social Charge (USC)

Exemption limit                                                                                           €10,036                                       €10,036

€0 - €10,036                                                                                                       2%                                              2%

€10,037 - €16,016                                                                                              4%                                              4%

>€16,016                                                                                                             7%                                             7%

Self-employed income > €100,000                                                                     10%                                           10%

Aged 70 and over/medical card holders >€60,000                                        4%/7%                                     7%/10%