Finance Bill 2024 & Budget 2025 Update
Fri Oct 11 2024
Following the announcement of the 2025 Budget on the 01st October, the Finance Bill 2024 was published on the 10th of October 2024 by the Minister of Finance, Jack Chambers.
Click Here to access our FINANCE BILL 2024 & BUDGET 2025 UPDATE which outlines the main changes potentially impacting clients in the following areas:
- Standard Fund Threshold increase
- Taxation of pension lump sums
- Capping the BIK exemption for employer PRSA contributions
- Taxation of Auto Enrolment contributions and benefits
- Capital Acquisitions Tax
- Income Tax 2025
- USC in 2025
- Social Welfare benefit increases
- Property including Help to Buy, Vacant Home Tax, and Stamp Duty.
- Motor Insurance Insolvency Compensation Fund
To access the full Finance Bill click here.
The Finance Bill is expected to be passed over the coming weeks and Brokers Ireland will notify members accordingly.
