Budget 2011 - Key Points

Wednesday 08 December 2010 12.43
Budget 2011 - Key Points

No reduction in state pension

€10 reduction in Child Benefit rates

€8 cut for social welfare, jobseekers payments

4c on petrol, 2c on diesel from midnight

Revised air travel tax of €3 from March

€40 payment for fuel allowance recipients

New minimum wage not in tax net

Public service pay will not be cut

Public sector salary capped at €250k

Public service pensions over €12k cut 4%

Taoiseach salary cut by €14k; ministers by €10k

Next President's salary to be capped at €250,000

Employee PRSI/health levy pension relief gone

Income/health levies to be replaced by single universal social charge. Rates on the charge will be 0% below €4,004 a year, 2% up to €10,036, 4% from €10,036 to €16,016 and 7% above this level

Pension contributions subject to PRSI and Universial Social Charge

Employee PRSI contribution ceiling removed

Increase in the PRSI rate for the self-employed, higher earning public servants and office holders

1% tax on residential transactions up to €1m; 2% over €1m

All stamp duty exemptions abolished

Car scrappage extended for six months

No change to Ireland's corporation rate

Value of tax bands and credits to be reduced by 10%

DIRT increased by 2%

Online betting will be subject to the same betting duty as in bookie shops

Carer's Allowance for those under 66 to be cut by €8 to €212 a week

Disability Allowance being cut by €8 to €186 a week

Business Expansion Scheme to be revamped

15,000 activation places for unemployed

Third-level student charges are to rise by €500 to €2000

Student grants are to be cut by 4%

• New passport fees for over 65s