Supplementary Budget 2009

• Income levy thresholds lowered, with the 2% rate at €15,000, 4% at €75,000 and 6% at €175,000.
• Health Levy rates will double to 4% and 5%. The entry point for the higher rate will be reduced to €1,443 per week which is €75,036 per annum.
• Mortgage interest relief will now only be available for the first seven years on principal private residences.
• DIRT will go up from 23% to 25%. The levy on non-life insurance premiums rises from 2% to 3%.
• Interest relief on rented residential accommodation limited to 75%
• Stamp Duty trading scheme to be introduced
• Capital Gains Tax and Capital Acquisitions Tax will both rise from 22% to 25%.
• Early childcare supplement halved from 1 May, and scrapped altogether next year.
• No increases in social welfare for the next couple of years, rates may be reviewed later.
• New scheme to allow civil servants over the age of 50 to retire.
• Christmas welfare bonus will not be paid this year, while those under 20 will have their dole payments halved.
• A 10% cut in political expenses, while long-term payments to TDs will be abolished.
• Commission on Taxation will decide on how to raise further money from taxing or means testing child benefit.
• A national infrastructure bond to be looked at to raise money for capital projects.
• Enterprise Stabilisation Fund to be set up to help protect jobs in troubled businesses.
• A review of top-level public sector pay rates.
• Petrol and alcohol duties will not go up.
• Cigarettes up 25 cent and diesel up 5 cent a litre
• New asset management agency to take bad loans off the banks' balance sheets.