Budget 2027: what it means for your take-home pay

The changes

• The standard rate band goes up by €2,500: from €44,000 to €46,500 for a single person, from €48,000 to €50,500 for a single parent and from €53,000 to €55,500 for a married couple with one income.
• The personal, employee (PAYE) and earned income tax credits each go up by €125, to €2,125. The married personal credit becomes €4,250.
• The Home Carer Tax Credit goes up by €100, to €2,050.
• The Rent Tax Credit goes up to €1,150 for a single person and €2,300 for a jointly assessed couple, for 2027 and 2028.
• The ceiling of the 2% USC band goes up from €28,700 to €30,300, in line with the minimum wage. The other USC rates and bands are unchanged.
• The reduced USC rate for medical card holders earning €60,000 or less continues until the end of 2027.
• The national minimum wage goes up by 79c to €14.94 an hour from 1 January 2027.
• Employee PRSI rises from 4.35% to 4.5% on 1 October 2027, the next step of the existing PRSI roadmap.
• The weekly pay threshold for the higher rate of employer PRSI goes up from €552 to €600.

Source: Department of Finance: Budget 2027 tax policy changes (corrected version, 12 October 2026), Minister for Finance: Budget 2027 statement