PASCHAL’S ELEVEN 

Thousands of families €4.5k richer in something-for-everyone €11bn ‘Late Late Show’ Budget 2023

• 7:00, 28 Sep 2022
• Updated: 12:03, 28 Sep 2022

BUOYANT Coalition TDs last night boasted that the ‘Late Late Show’ budget has something for everyone in the audience – with pensioners, families and welfare recipients the biggest winners.

The €11billion giveaway Budget will benefit middle income workers by €1,400 a year, but families with one child could save €4,500 while a pensioner living on their own could take home an extra €2,375 next year.

Budget 2023 will go down in history as a budget aimed at families with a series of measures introduced across the board including double child welfare payments, cuts to childcare costs and free primary school books.

For a family with one child where two parents are working, the Budget bonanza could be worth almost €4,500 next year.

Green Party Minister Roderic O’Gorman’s 25 per cent cut to childcare is worth €2,106 a year for for an average family – however this won’t kick in until next year.

A double child benefit payment paid out in November will see the payment of €140 per child increase to €280.

READ MORE IN BUDGET 2023

If both parents are earning an average wage of €40,000 they will save around €800 each due to changes in income taxes and USC.

The family household will also benefit from the €600 in energy credits to help them with electricity bills this winter across November, January and March.

In total, this brings a family’s saving up to €4,440.

Families with children in primary school will save an extra €110 in back to school costs after Education Minister Norma Foley made school books free from next year.