Updates following Budget 2014
One Family has summarised the announcements of Budget 2014 in relation to a number of areas of relevance to people parenting alone or sharing parenting.
People parenting alone and sharing parenting
Changes to Social Welfare payments for 2014
|Basic rate of payment||The weekly rate of payment is staying the same in 2014 for all weekly social welfare payments for those of working age and pensioners.||No change.|
|One Parent Family Payment||There will be no change to the rate of payment in 2014.
For those in employment the new rate of income disregard of €90 a week will be introduced in 2014, reduced from €110 in 2013. This means that the first €90 of earnings will be ignored and half of the remainder of earnings will be assessed to give a new rate of One Parent Family Payment.
Income Disregard reduced.
|Child Benefit||The rate remains at €130 and this will be for each child, as announced in December 2012.||No change.|
|Maternity Benefit||The rate of payment will be standardised at €230 for new claimants; this is a change from a maximum payment of €262 and a minimum of €217.80. The change will come into effect from January 2014.||Payment standardised.|
|Fuel Allowance||Rate of payment will remain and there is no reduction in the number of weeks.||No change.|
|Back to School Clothing and Footwear Allowance||Unchanged for all children under 18. In 2014 it will be paid for those aged 18 and over in secondary school but not for those in third level education.||No longer payable to children in third level education.|
|Fuel Allowance||It will remain at €20 a week for the 26 weeks.||No change.|
|Rent Supplement||No changes announced for single people with children but an increase in contribution for couples, from €35 to €40 weekly.||No change for single people with children.|
|Mortgage Interest Supplement||This scheme will be closed to new entrants and will be wound down over a four year period from January 2014 for existing recipients.||Closed to new entrants and winding down.|
One Parent Families in Work
|Family Income Supplement||Household income thresholds remain at 2013 levels.||No change.|
|Income Tax, PRSI and Universal Social Charge||Unchanged in 2014.||No change.|
|One Parent Family Tax Credit||This is being replaced by a Single Person’s Child Carer tax credit of the same value – €1,650 – only available to the principal carer.||This tax credit of €1,650 was previously available to both working parents sharing parenting. Now only one parent – the principal carer – can avail of it.
One Family is actively clarifying a number of questions and concerns this change raises and will update in more detail as soon as possible.
|GP Visits||Free GP care for children aged 5 and under announced.||Free GP care for children aged 5 and under announced.|
|Medical Card||Prescription charges increase from €1.50 to €2.50 for medical card holders.||Prescription charge increased to €2.50.|
|Third Level Students||The student contribution charge for third-level institutions will increase by €250 to €2,750 – increases by €250 until it reaches €3,000 in 2015.||Increased.|
|Primary School Books||A further €5m to be allocated to extend the books-to-rent in primary schools.||Increased.|