Budget 2025: Payroll Summary

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Main changes impacting your payroll

Standard Rate Tax Bands

The standard rate tax band (currently 20%) will increase by €2,000 to €44,000.

Minimum Wage

Minimum wage will increase by 80c to €13.50 per hour with effect from 1 January 2025.

Universal Social Charge (USC)

The 4% rate of USC will reduce to 3% and the entry level to the 3% USC rate band has been increased by €1,622 to €27,382.

Home Carer Credit

The home carer credit increased by €150 to €1,950.

Tax Credits

Personal, employee and earned income credits each increased by €125 – from €1,875 to €2,000.

Single Parent Child Carer Credit

The single parent credit increased by €150 to €1,900.

Small Benefit Exemption

The limit for the provision of non-cash benefits by employers was increased by €500 to €1,500 per annum with up to five such benefits allowed up to this limit.

Incapacitated Child Credit

Incapacitated child credit increased by €300 to €3,800.

BIK Company Car

The temporary OMV €10,000 reduction was extended to 2025 for company provided vehicles – this is in addition to the electric vehicle OMV relief of €35,000 for 2025.

The BIK exemption for e-charging points on business premises has been extended to the installation of facilities at the home of employees/directors.

PRSI Rates

A further increase in PRSI contribution rates of 0.1% from 1 October 2025 had been previously announced.

Tax rates	2024	2025
Standard tax rate	20%	20%
Higher tax rate	40%	40%

Standard rate band	2024	2025
Single/widowed	€42,000	€44,000
Married couple one income	€51,000	€53,000
Married couple two incomes	€84,000	€88,000

Tax credits	2024	2025
Personal tax credit	€1,875	€2,000
Employee tax credit	€1,875	€2,000
Earned income credit	€1,875	€2,000

Budget 2025: Payroll Summary

Main changes impacting your payroll​

Standard Rate Tax Bands

Minimum Wage

Universal Social Charge (USC)

Home Carer Credit

Tax Credits

Single Parent Child Carer Credit

Small Benefit Exemption

Incapacitated Child Credit

BIK Company Car

PRSI Rates

Tax rates

Standard rate band

Tax credits

Our Budget Insights

Main changes impacting your payroll