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Essential minimum living costs in Ireland increased by almost 20% since 2020
Essential minimum living costs in Ireland increased by almost 20% since 2020

Irish Daily Mirror

time17-06-2025

  • Business
  • Irish Daily Mirror

Essential minimum living costs in Ireland increased by almost 20% since 2020

Essential minimum living costs have increased nationally by almost 20 per cent in the past five years, a new report has revealed. The Minimum Essential Standard of Living (MESL) report was published on Tuesday by the Vincentian MESL Research Centre at the Society of Saint Vincent de Paul (SVP). It found that living costs in Ireland have increased by 1.8 per cent in the past year and 18.8 per cent since 2020. The report highlights that those on social welfare are not receiving enough to reach the minimum essential standard of living, which are services necessary to meet physical, psychological and social needs. And one-parent households are most at risk of financial inadequacy. As an example, the report noted that a one-parent household with a primary and second-level child only meets 82 per cent of the household's minimum needs when dependent on social welfare support. The cost of the needs of a child aged 12 and over remains the highest age group at €158 per week. Social welfare meets just 64 per cent of needs for this age group. The cost of the needs of a primary school age child is €98, while the needs of a preschool-age child costs €72 per week. Saint Vincent de Paul has also stressed that the national minimum wage - which is €13.50 an hour for workers over the age of 20 - "continues to be a concern". Since last year, the minimum outgoings for a single adult in minimum wage full-time employment has risen by 5.6 per cent. A worker in this scenario is making €131 less a week than they need to to meet minimum needs. The report has cited rising private rents in Dublin and an increase in home energy and food costs for this rise. In conclusion, the report highlighted that many household situations, particularly when reliant on social welfare, continue to be at risk of income inadequacy. It continued: "This is especially pronounced for single-adult households and families with older children. Although recent policy measures, such as the introduction of the New Baby Grant and the expansion of school meals and book schemes, have had a positive impact, they are not sufficient to close the gap for all household types."

Payment date changes ahead of June Bank Holiday
Payment date changes ahead of June Bank Holiday

Extra.ie​

time27-05-2025

  • Business
  • Extra.ie​

Payment date changes ahead of June Bank Holiday

Social welfare recipients are being warned of changes to payment dates this week ahead of the bank holiday weekend. Banks and post offices will be closed on Bank Holiday Monday. Those claiming social welfare on Monday and/or Child Benefit on Tuesday will be paid slightly earlier as a result. Social welfare recipients are being warned of changes to payment dates this week ahead of the bank holiday weekend. Pic: Getty Images Both payments are expected to be paid into bank accounts on Friday, May 30 or Saturday May 31 so to ensure no one is paid late. The schedule will resume to the usual days from the following week. The date changes will also impact anyone expecting the New Baby Grant, which is due on Tuesday, June 3. Both payments are expected to be paid into bank accounts on Friday, May 30 or Saturday May 31 so to ensure no one is paid late. Pic: Getty Images The grant is paid out the same day as the Child Benefit every month. The payment came into effect earlier this year with Minister for Social Protection Dara Calleary confirming more than 4,400 families received the grant for 4,522 children. The payment was introduced for Budget 2025 as part of the whole-of-Government First 5 strategy which aims to improve the lives of babies, young children and their families. The bonus payment comes on the birth of a child to assist parents with costs associated with their new arrivals. Pic: Shutterstock The bonus payment comes on the birth of a child to assist parents with costs associated with their new arrivals. Families of all babies born after December 1, 2004 are eligible for the grant of €280. Parents of newborns do not need to apply for the grant, which will automatically be paid to those who meet the criteria. It is expected that the grants will be paid out in respect of 54,000 children at a cost of €15 million in a full year. The June Bank Holiday is the fifth of the year and comes not long after the May bank holiday which took place this month. Here is the full list of bank holidays in Ireland for 2025: Wednesday, January 1 – New Year's Day Monday, February 3 – St Brigid's Day Monday, March 17 – St Patrick's Day Monday, April 21 – Easter Monday Monday, May 5 – May Day Monday, June 2 – June Bank Holiday Monday, August 4 – August Bank Holiday Monday, October 27 – October Bank Holiday Thursday, December 25 – Christmas Day Friday, December 26 – St Stephen's Day

Major payment shake-up for thousands THIS WEEK as social welfare to land in accounts early
Major payment shake-up for thousands THIS WEEK as social welfare to land in accounts early

The Irish Sun

time27-05-2025

  • Business
  • The Irish Sun

Major payment shake-up for thousands THIS WEEK as social welfare to land in accounts early

THOUSANDS of Irish people are set to be impacted in a huge social welfare shakeup. As a result of the June bank holiday, there will be changes made to the usual payment days for 2 Payments will hit bank accounts early Credit: Getty Images - Getty 2 Banks and post offices will be closed on June 2 Credit: Getty Images - Getty And the Irish public is being urged to remember the swap so that they are not caught out. Many will see their payment hit their The bank holiday Monday falls on June 2, and will see banks and post offices shut for the day. So those due to be paid on the June 2, along with anyone who is set to receive READ MORE IN MONEY But you won't have to wait any longer for your Those who would normally be paid on June 2 will probably see it in their accounts on either Friday May 30, or Saturday May 31. And anyone due to get the This is to make sure no one receives a late payment as a result of the banks being shut. Most read in Money The payment schedule will then go back to normal on Tuesday June 3. The shakeup will also impact anyone who is set to be paid the New Baby Grant on June 3. Major warning over emergency social welfare scam texts as thousands could be targeted This grant is paid on the same day as Child Benefit, which is the first Tuesday of every month. And the June bank holiday is also impacting The Department of Social Protection has confirmed that will be out of order later this month. This also means that many will not be able to verify their MyGovID. The two websites allow thousands of people across Ireland to access services regarding However, these websites will not be available for use this week for a period as essential maintenance is scheduled. This will impact those attempting to use the website over the June ESSENTIAL MAINTENANCE The Department of Social Protection said in a statement: "Essential maintenance will be carried out on over the June bank holiday weekend. "The website will not be available from 8am on Saturday, 31 May, until 8am on Tuesday, 3 June. "You will also be unable to verify your basic MyGovID account during this timeframe. If your account is already verified, you will still be able to access it. "Should the maintenance be completed ahead of schedule, these systems may become available before 8am on Tuesday, 3 June 2025."

Major warning to thousands of Irish households as huge social welfare payment service ‘not available' in WEEKS
Major warning to thousands of Irish households as huge social welfare payment service ‘not available' in WEEKS

The Irish Sun

time22-05-2025

  • Business
  • The Irish Sun

Major warning to thousands of Irish households as huge social welfare payment service ‘not available' in WEEKS

THOUSANDS of Irish households are being warned that a major change to the social welfare system will see services unavailable. The Department of Social Protection has confirmed that will be out of order later this month. This also means that many will not be able to verify their MyGovID. The two websites allow thousands of people across Ireland to access services regarding However, these websites will not be available for use next week for a period as essential maintenance is scheduled. This will impact those attempting to use the website over the June READ MORE IN MONEY The Department of Social Protection said in a statement: "Essential maintenance will be carried out on over the June bank holiday weekend. "The website will not be available from 8am on Saturday, 31 May, until 8am on Tuesday, 3 June. "You will also be unable to verify your basic MyGovID account during this timeframe. If your account is already verified, you will still be able to access it. "Should the maintenance be completed ahead of schedule, these systems may become available before 8am on Tuesday, 3 June 2025. Most read in Money "We would like to apologise for any inconvenience caused." SCHEDULE SHAKE-UP This comes as thousands are also set to be impacted by the June The bank holiday Monday falls on June 2 and people will see a change to their Due to the bank holiday, This means that anyone who was expecting to be paid on Monday will most likely be paid early. It's expected that people will see the payment in their account on Friday May 30. The payment schedule will then go back to normal on Tuesday June 3. The shakeup will also impact anyone who is set to be paid the New Baby Grant on June 6. This grant is paid on the same day as Child Benefit, which is the first Tuesday of every month. 1 Thousands are being warned ahead of the bank holiday Credit: Getty Images - Getty

New €280 once-off grant rules for Irish parents confirmed as cut-off age & €140 Child Benefit eligibility outlined
New €280 once-off grant rules for Irish parents confirmed as cut-off age & €140 Child Benefit eligibility outlined

The Irish Sun

time21-05-2025

  • Business
  • The Irish Sun

New €280 once-off grant rules for Irish parents confirmed as cut-off age & €140 Child Benefit eligibility outlined

THE age-limit rules surrounding a €280 once-off grant that could hit the pockets of thousands of Irish parents has been outlined. The payment, which is paid out in a lump sum, aims to assist new parents with costs associated with new The Minister for Social Protection Dara Calleary has confirmed the cut-off age, and outlined exactly who can benefit from this payment. He explained that the payment can be issued to anyone who has welcomed a new baby or child born or adopted on or after December 1, 2024 The payment is issued to parent as long as they have become qualified for the scheme no later than one month after the birth of the child. READ MORE IN MONEY In the case of adoptive parents, this will be one month after the day of placement for the child. Responding to a question from Sinn Fein TD Louise O'Reilly on whether there is a cut-off age whereby adopted children are deemed ineligible for the payment, Calleary confirmed the child must be adopted on or after December 1 2024 to qualify. Speaking about the new payment last week, the Minister said: "I am delighted that as part of Budget 2025 a new baby grant of €280 was introduced. "This new payment will assist parents and adoptive parents with the costs associated with new babies and newly adopted children. MOST READ ON THE IRISH SUN "It will provide additional financial support to a family to ensure adequate resources and that the material needs of a child are met. Little known social welfare benefits thousands are entitled to "The New Baby Grant is a once-off payment paid to the qualified person, provided that person did not become so qualified on a date later than one month after the birth of the child, or, in the case of adoption, one month after the day of placement of the qualified child, as long as the date of birth or the date of placement of that qualified child falls on or after 1 December 2024." He added that to be eligible for the payment, the child must meet the age eligibility criteria of the He said: "To be eligible for the newborn baby grant the adopted child must, at the date of placement, meet the age eligibility criteria of the Child Benefit payment; i.e. the child must be under 16, or under 19 if in full-time education, full-time training or has a disability and cannot support themselves." €420 BOOST The grant is worth €280 per child, but is paid out alongside the €140 Child Benefit payment, meaning parents can receive as much as €420 for one child. In the month after the birth of their child, qualifying €420 for a single birth €980 in the case of twins €1,680 in the case of triplets Some 4,400 families received the In a full year it is expected that To avail of the New Baby Grant, you must be eligible for WHO GETS CHILD BENEFIT? Child Benefit is a universal Child Benefit is paid on the first Tuesday of every month, meaning parents eligible for the newborn baby grant will receive the payment on the first Tuesday the month after the child is born. The Department of Social Protection HOW DO I GET CHILD BENEFIT? THOSE getting Child Benefit must be living in Ireland and meet the Habitual Residence Condition. The child you are getting the payment for must be under 16, or under 19 if in full-time education, full-time training or has a disability and cannot support themselves. The payment will begin coming through as soon as your newborn is registered and issued with a PPS number. If it is your first child, the Child Benefit Section of the DSP will send you a partly completed Child Benefit form CB1. The form will include information on how you can claim for your new baby online and you can only claim online if you are invited to do so by the DSP. If you have children already getting the benefit, any newborns will be added once they are registered with the state. However, if you are the child's father or stepfather, you can get the payment if the child does not live with their mother or step-mother. If you are caring for a child who is not living with their parents, or not being maintained by their parents, you may get Child Benefit. If your child lives between two separate households, for example, if the If the child lives an equal amount of time with each parent, the mother gets Child Benefit. 1 Thousands of parents have benefited from the scheme Credit: Getty Images - Getty

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