Budget 2022 – Employment Related Changes

Posted in : Supplementary Articles ROI on 13 October 2021
Ken Killoran
Issues covered: Budget 2022 Employment Related Changes; Minimum Wage; PRSI

It is Budget 2022 time and Ken Killoran (Tax Partner in Mazars) has set out below the main measures from an employment tax perspective:

Summary Of Employment Tax-Related Changes

  • The National Minimum wage is to be increased by 30 cents to €10.50. 
  • The standard rate (20%) tax band will be increased by €1,500. 
  • There will be an increase in each of the personal tax credit, employee tax credit and earned income credit by €50 to €1,700. 
  • USC - To ensure that the salary of a full-time worker on the minimum wage will remain outside the top rates of the Universal Social Charge, the ceiling of the second USC rate band will be increased from €20,687 to €21,295. 
  • USC - The

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This article is correct at 13/10/2021

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Ken Killoran

The main content of this article was provided by Ken Killoran. Contact telephone number is +353 1 449 4400 or email kkilloran@mazars.ie

View all articles by Ken Killoran