The Budget will mean that your net pay will be reduced by circa €1,320 per annum (circa €110 per month) if you are married on a salary of €70K.  This assumes that only one spouse is earning income and that you do not have any dependants. If you are married on a salary of €50K, [...]

Due to the various measures announced today it is likely that you may only be affected by a small amount.  Your net take home pay should be reduced by approximately €3 per month.

As a sole trader, your net income will reduce by approx €200 per month.  In addition, your child benefit will be reduced by €10 per month for each child.  There have been no further changes to mortgage interest relief in this budget, although the relief is being phased out over the next few years as [...]

Your net take home pay may be reduced by approximately €135 per month.  Your childrens allowance will also be down by €20 per month

Your combined net pay will reduce by approx €210 per month and your child allowance will reduce by €10 per child.

There was no mention of any changes to Domicillary Care in the Minister’s speech nor in the Budget 2011 publications released today

Your net take home pay will be reduced by approximately €150 per month.

Assuming you are single and have no dependent children your net take home pay will reduce by approximately €78 per month.

Yes, good news for you!

Assuming you are married with no dependents, your net salary will reduce by approx €115 per month.

Based on your circumstances your combined net take home pay may be reduced by approximately €220 per month.

The Student Services Charge will be replaced with a flat higher education student contribution of €2,000, (a €200 charge will be introduced for PLC students). The higher Student Service charge will only apply to one child in a family at any one time. Student Support Scheme – there will be a 4% reduction in rates [...]

Unfortunately you will now be liable to both income tax & the new Universal Social Charge. Your net pay will be reduced by approx €52 per month.

The stamp duty rate will be 1% of the first one million, and 2% of any further amount above one million The new stamp duty rates will apply to any conveyances or transfers executed on or after 8 December 2010. Transitional measures will be put in place to ensure that any purchaser who has contracted [...]

The 52% rate is calculated by adding the top rate of income tax of 41%, the top rate of Universal Social Charge of 7% and PRSI of 4%. The 52% rate will apply to incomes over €32,800 for a single person and to incomes over €41,800 for a married couple with one income.

There is no mention of any additional cuts on the rates for multiple births.  On this basis, you should expect a total cut of €50 per month as you have already worked out (€30 per month relating to your twins and €10 per month for each of your other 2 children)

There will be decrease of €8 per week in the maximum and minimum rate of Maternity Benefits.

There were no changes announced in Budget 2011 to mortgage interest relief, however, the relief is being phased out under measures announced in Budget 2010.  Under the budgetary measures announced today your net take home pay will reduce by approximately €90 per month.

Child Benefit will be reduced by €10 per month from January 2011 on both the lower and higher rate with an additional €10 per month decrease for the third child. The new rates will be €140 per month (first and second child), €167 (third child), €177 (fourth and subsequent children

There have been no changes to Capital Gains Tax in this Budget.  However the National Recovery Plan did highlight that there may be changes to the Capital Gains Tax system at some point over the course of the 4 Year Plan

If you are 28, single and earning €90K, your net take home pay will be reduced by circa €120 per month and your marginal rate of tax will be 52%. These figures take into account the new Universal Social Charges.

As a married couple with one income, your monthly net income will reduce by approx €115 per month.  Your child benefit will reduce by €20 per month.

Yes, the new 1% rate will apply to first time buyers and will apply to contracts closed on or after 8 December 2010

There is no change in the way that income tax is calculated, i.e. either by individual assessment or joint assessment for married couples.  For a married couple with one income, if you currently have a salary of €100k, your net income for 2011 will be reduced by approx €150 per month.  Child benefit for 4 [...]

The relief won’t be abolished from 2014. Instead, from January 2011, this will be restricted to income from the Section 23 property itself (currently such income can be set against all rental income). At end of 10 year holding period, any unused relief will be lost. If property is sold within this period, the new [...]

Unfortunately, patent income will now be taxable at normal income tax rates if earned by you in an individual capacity (e.g. at your marginal rate of tax of up to 52%).  Patent income earned in a company will be taxed at 25%.

January 1st 2011

Based on the circumstances outlined below your net pay should reduce by approximately €115 per month.  Your child benefit will also reduce by €20 per month.

Essentially the following applies to the new Universal Social Charge: Health Levy and Income Levy to be abolished and replaced by a new Universal Social Charge on a revenue-neutral basis, in 2011, at the following rates and thresholds: 0% < €4,004 2% €0 to €10,036 4% €10,037 to €16,016 7% > €16,016 Jobseekers Allowance reduced [...]

There will be a reduction of €6 per week in the rate of Jobseeker’s allowance and Supplementary Welfare Allowance for those age 22-24

Yes, the universal social charge will take affect from 1st Jan 2011

Sinead, As a married couple you have the option of applying for joint assessment or separate/single assessment.  If you both each earn income in excess of the standard rate tax band (€36,400 for 2010), whether you opt for joint or separate assessment should not impact on your net take home pay.  If, however, one of [...]