Budget 2020

Oct 8, 2019

Minimal changes in Income Tax rates or credits were made in the Budget introduced on October 8th. Details may be accessed by clicking HERE

Other Budget Measures:

  • The Group A tax-free threshold, which applies primarily to gifts and inheritances from parents to children, is increased from €320,000 to €335,000 from 9 October 2019
  • Medical Cards for over 70s: The means test threshold to increase by €50 to €550 per week for a single person and by €150 to €1,050 for a couple. (Assessment based on gross income.)
  • The weekly rate of the living alone allowance to increase by €5 per week from March 2020
  • The prescription charge for medical card holders over the age of 70 will be reduced from €1.50 per item to €1 per item in 2020
  • The monthly threshold for the Drugs Payment Scheme will be reduced by €10 from €124 to €114 in 2020