When is Budget 2027?
Budget 2027 is on Tuesday 6 October 2026. It is presented to the Dáil by the Minister for Finance, Simon Harris, and the Minister for Public Expenditure, Jack Chambers. Changes to income tax, USC and the minimum wage normally take effect from 1 January 2027; the start dates for welfare changes are set out in the Budget itself.
How big is it?
The package reported for Budget 2027 is €8.5 billion: €7 billion in extra spending and €1.5 billion in tax reductions. The cost of living is expected to be the main focus across both.
What is expected for workers
Reported ahead of the Budget, not confirmed.
- Minimum wage. The Low Pay Commission has recommended a rise from €14.15 to €14.94 an hour from 1 January 2027, up 79 cent. The Government decides on Budget day and is not obliged to follow it; employer groups have asked it not to.
- Tax credits and USC. Because raising the point where the 40% rate starts does nothing for lower earners, increases to tax credits and changes to USC are expected alongside any band change. A change to where the 3% USC rate starts is expected, so that nobody on the minimum wage pays it.
- Renters and homeowners. An increase in the Rent Tax Credit is expected, and whether the mortgage interest tax credit continues is under discussion.
What is expected for welfare
Most weekly welfare rates and pensions are expected to rise. The main Child Benefit rate is expected to stay the same, with more targeted help for low-income families with children and further supports for energy bills. Jobseeker's payments will be updated with the new rates once they are announced.
What you take home now, before Budget 2027
Take-home pay for a single person on 2026 rates, with PRSI at 4.35% as it is from 1 October 2026. On Budget day we add what each salary takes home in 2027, so you can see the change.
| Gross salary | Take-home a month now | Take-home a year now |
|---|---|---|
| €20,000 | €1,604 | €19,252 |
| €30,000 | €2,189 | €26,262 |
| €40,000 | €2,794 | €33,527 |
| €50,000 | €3,299 | €39,592 |
| €60,000 | €3,738 | €44,857 |
| €70,000 | €4,177 | €50,122 |
| €80,000 | €4,574 | €54,889 |
| €100,000 | €5,368 | €64,419 |
On the minimum wage, a full-time 39-hour week is about €28,696 a year at €14.15 an hour, taking home €2,110 a month. At the recommended €14.94 it would be about €30,298 a year before tax, €1,602 more. What that leaves after tax depends on the 2027 rates announced on the day.
Budget 2027: common questions
When is Budget 2027?
Tuesday 6 October 2026. It is presented to the Dáil by the Minister for Finance, Simon Harris, and the Minister for Public Expenditure, Jack Chambers.
When do Budget 2027 changes take effect?
Income tax, USC and minimum wage changes normally apply from 1 January 2027. The start dates for welfare changes are set out in the Budget itself.
What will the minimum wage be in 2027?
The Low Pay Commission has recommended raising it from €14.15 to €14.94 an hour from 1 January 2027. The Government decides on Budget day and does not have to accept the recommendation.
Will there be income tax cuts in Budget 2027?
The package reported for Budget 2027 includes €1.5 billion in tax reductions. How it is split between tax credits, bands and USC is only confirmed on Budget day.
How will I know what Budget 2027 means for my pay?
On Budget day we update our salary calculator to the 2027 rates, and this page will show the change in take-home pay at each salary.
Where this comes from
Budget date and ministers: 2027 Irish budget, citing RTÉ. Package size and expected measures: The Irish Times, 24 September 2026. Minimum wage recommendation: RTÉ News. 2026 take-home figures: our salary calculator, with rates checked against Revenue and Citizens Information.