Public Service

Public Service Pension-related Deduction

From 1 January 2011, the pension-related deduction which is charged to earnings in the public service will be subject to employee PRSI and the Universal Social Charge to be introduced on 1 January 2011. The PRSI change will be legislated for in the Social Welfare Bill.

Employment and Investment Incentive

Reform of the existing Business Expansion Scheme with an increase in the amount that companies can raise under the Scheme.

Relief for Energy Efficiency Measures

Introduction of new scheme to encourage individuals to make their homes more energy efficient – relief to be given up to a maximum expenditure of €10,000 at the standard rate of income tax. Credit will be given in the following tax