We are in a unique position now to plan saving for the future

Increasing the tax limits for each age category, or having a single maximum limit for all, would serve to promote savings

The PRSI system is complex and difficult for people to understand, so simplification would be a good move. Picture: Getty

I’ve previously written about how Budget 2024 might lessen the income tax load on individuals. For context, the recently published summer economic statement explains that the overall budget package “will be composed of a spending allocation amounting to €5.2 billion in 2024”.

It notes that ‘core’ expenditure will grow by 6.1 per cent in 2024. “This adjustment to the government’s expenditure framework takes into account the fact that inflation is expected to be above trend ...