Budget 2012 – easy to read points on how it might affect you
One Parent Family Payment
The rate of payment for the One Parent Family Payment will remain at €188 for the adult and €29.80 per child, per week.
The upper age limit of the youngest child for new claimants of the One-Parent Family Payment will be reduced to 7 years on a phased basis. It will be reduced to 12 years with effect from 2012, then age 10 in 2013 to age 7 in 2014.
There is a reduction in the amount of income disregard for One Parent Family Payment from €146.50 a week to €130 per week. Further reductions will follow in the next four years.
The transitional payment of half of the rate of One-Parent Family Payment will be discontinued when the recipient’s earnings exceed €425 per week. Existing recipients of the transitional payment will not be affected.
Child Benefit
The amount of child benefit will remain at €140 a month for the first two children, then €148 for the third child and €160 for the fourth child and subsequent children. Over two years the rate will be standardized for all children. Read more
