2025 release notes
Payback Version 2025.01
PMOD Changes
- State Pension Contribution Indicator added to the RPNs
Budget Changes
PAYE
The new PAYE rates are:
| PAYE Rates | Cut Off Points | Tax Credits | ||
|---|---|---|---|---|
| 2024 | 2025 | 2024 | 2025 | |
| Annual | 42000 | 44000 | 1875 | 2000 |
| Month | 3500 | 3666.67 | 157 | 166.67 |
| Week | 808 | 846.16 | 37 | 38.47 |
PRSI
From 1 Jan 2025
All PRSI rates stay the same apart from the AL band which is changing to €424.01 - €527
From 1 Oct 2025:
- There is no change to the employee PRSI Credit.
- Both Employer and Employee rates will be uplifted by 0.1%
This means that there is going to be a mid-year increase in PRSI again in 2025
USC
| 2019 | Rate | 2020 | Rate | 2021 | Rate | 2022 | Rate | 2023 | Rate | 2024 | Rate | 2025 | Rate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| On the first €12,012 | 0.5% | On the first €12,012 | 0.5% | On the first €12,012 | 0.5% | On the first €12,012 | 0.5% | On the first €12,012 | 0.5% | On the first €12,012 | 0.5% | On the first €12,012 | 0.5% |
| On the next €7,862 | 2% | On the next €8,472 | 2% | On the next €8,675 | 2% | On the next €9,283 | 2% | On the next €10,908 | 2% | On the next €13,748 | 2% | On the next €15,370 | 2% |
| On the next €50,170 | 4.5% | On the next €49,560 | 4.5% | On the next €49,357 | 4.5% | On the next €48,749 | 4.5% | On the next €47,124 | 4.5% | On the next €44,284 | 4% | On the next €42,662 | 3% |
| On the balance | 8% | On the balance | 8% | On the balance | 8% | On the balance | 8% | On the balance | 8% | On the balance | 8% | On the balance | 8% |
| 2011 & 2012 | 2013 & 2014 | 2015 | 2016 | 2017 |
2018 to 2025 |
|---|---|---|---|---|---|
| Individual aged 70 years or over. | Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. | Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. | Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. | Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. | Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. |
| Individuals who hold a full medical card (regardless of age). | Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. | Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. | Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. | Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. | Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. |
| 2% - on the first €10,036 | 2% - on the first €10,036 | 1.5% - on the first €12,012 | 1% - on the first €12,012 | 0.5% - on the first €12,012 | 0.5% - on the first €12,012 |
| The 4% rate applies to all income over €10,036 | The 4% rate applies to all income over €10,036 | The 3.5% rate applies to all income over €12,012 | The 3% rate applies to all income over €12,012 | The 2.5% rate applies to all income over €12,012 | The 2% rate applies to all income over €12,012 |
Emergency Tax
Emergency tax rates now include Cent amounts. In previous years the rates were rounded up to the nearest Euro.