Main points
This is a list of the main points contained in the 2011 Budget. • 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 2011. • €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 Universal 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 ==References==