Budget may increase tax-free bonus for workers - Varadkar

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At present, a worker can receive up to €500 tax free from their employer in a bonus or payment. Mr Varadkar confirmed that the Minister for Finance Paschal Donohoe is examining plans to increase this to €1000.

Tánaiste Leo Varadkar and Minister for Finance Paschal Donohoe. File photograph: Alan Betson / The Irish TimesTánaiste Leo Varadkar has promised a record Budget 2023 package which will could include an increase in the bonus a worker can be given tax-free.

“An employer in the private sector who is giving a bonus to their staff, only €500 can be tax free, and that is not fair in my view. Paschal is doing some work on that,” he said. The autumn would be the time to introduce additional social welfare measures, he told RTÉ Radio’s Morning Ireland. That would be when heating and energy bills would start to rise and people would need the most help.

The Government had to ensure it would have sufficient resources available in the autumn, every option would have to be carefully considered, he said. The more resources there were available, the greater the options and flexibility.

 

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Get it done 🙏

Is this so they can give themselves a €1000 bonus because the majority of workers don't get bonuses

The low-hanging fruit budget, build nothing & fix nothing just change some figures about.

How many people actually see this €500 bonus payment from their employer?

Here in Sunny EU Germany, monthly train tickets are currently €9, Nationwide, greedy Johnson wants to rack up already crazy Third Country British UK prices even higher - Hooray!

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