Monday February 24, 2020

The mother of all taxes

The new tax on maternity benefit will have serious implications for many new mothers, but how will it be imposed, and how much will it affect incomes? Emma Kennedy reports.

13th July, 2013
Figures from the Department of Social Protection showed that 45,129 women received maternity benefit last year. Photo: Thinkstock

As we all know, recent budgets have made cut after cut, with one of the latest manifestations of austerity being the taxation of maternity benefit, which has recently come into force. During his budget speech last December, Minister for Finance Michael Noonan announced that from July 1 maternity benefit would be treated as taxable income. According to official figures, the change in policy is likely to yield the state €15 million this year and €40...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago