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 65sReferences
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