Budget 2027 is announced on Tuesday 6 October 2026. Total package: €8.5 billion — €7.0bn in spending and €1.5bn in tax cuts. Below you can work out what it could be worth to your household, whether your money comes from a wage, a pension, a carer's payment or a welfare payment. Every single line tells you whether it is confirmed, merely expected, only campaigned for, or already ruled out — because nothing is decided until the Minister stands up.
What could Budget 2027 be worth to you?
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Confirmed, expected, or already ruled out
The single most useful thing to know before Budget day is which stories are real. Here is everything on the table, and how firm each one actually is.
| Measure | Status | Scale |
|---|---|---|
| Income tax package | Confirmed Confirmed in principle. €1.5bn set aside; focus on the 40% threshold (now €44,000). | €1.5bn |
| Childcare fees | Confirmed Confirmed as an intention — "we have to do something on fees". Amount not announced. | TBC |
| Inheritance tax | Expected Threshold for children moving toward €500,000; Department of Finance has flagged the cost. | TBC |
| Energy grants & arrears help | Expected Targeted supports for solar, retrofit and people in energy arrears. | TBC |
| State-backed savings scheme | Expected New personal investment scheme with a flat annual rate above a threshold. | TBC |
| Vape tax rise | Expected €22m collected since introduction; an increase is expected. | TBC |
| Core welfare rates | Campaigned for Nothing announced. Last two budgets gave €10/week. Social Justice Ireland asks €15. | €10–€15/wk |
| Fuel Allowance rise | Campaigned for Nothing announced. Went up €5 to €38/week in Budget 2026. | €0–€5/wk |
| Second-tier child payment | Campaigned for A long-running campaign ask to target child poverty. Not Government policy. | TBC |
| Universal energy credit | Ruled out Ended in Budget 2026 and not expected back — the money went into permanent rises. | €0 |
| Once-off double payments | Ruled out The universal once-off cost-of-living packages were discontinued. | €0 |
No energy credit — again
This is the question we get asked most, so here is the blunt answer: there is no universal energy credit coming. Budget 2026 scrapped the electricity credits (the last was €250) along with the double welfare weeks and once-off lump sums that were worth roughly €960 to some households. The Government's position is that the once-off approach is not sustainable, and the money went into permanent weekly increases instead. Nothing published for Budget 2027 suggests a reversal.
That is genuinely good news if you get a weekly payment — a permanent €10 a week is about €520 a year, and it keeps coming. It is bad news if you are a middle-income household that relied on the credit and gets no weekly payment: you lost that support with nothing once-off to replace it. Read the full picture in our Budget 2026 guide.
The catch nobody mentions about "tax cuts"
Most of the €1.5 billion tax package is expected to go on raising the point where the 40% rate kicks in — currently €44,000 for a single person. That sounds universal. It is not. If you earn less than €44,000, moving that threshold is worth exactly nothing to you, because none of your income is taxed at 40% in the first place. The calculator above is honest about this; a lot of budget coverage is not.
Where your rates stand today (2026)
These are the current figures, so you can see what any Budget 2027 change is measured against. All taken from the Citizens Information Board's official Benefits and Taxes 2026 rates.
| Payment or threshold | 2026 rate |
|---|---|
| State Pension (Contributory), max | €299.30 / week |
| State Pension (Non-Contributory), max | €288.00 / week |
| Jobseeker's Allowance / Benefit | €254.00 / week |
| Disability Allowance | €254.00 / week |
| Carer's Allowance (under 66) | €270.00 / week |
| Carer's Allowance (66+) | €308.00 / week |
| One-Parent Family Payment | €254.00 / week |
| Child Support Payment (under 12) | €58.00 / week |
| Child Support Payment (12+) | €78.00 / week |
| Child Benefit | €140.00 / month per child |
| Fuel Allowance | €38.00 / week in season |
| Carer's Support Grant | €2,000 / year |
| Domiciliary Care Allowance | €380.00 / month |
| Standard rate band (single) | €44,000 |
| Personal + PAYE tax credits (single) | €2,000 + €2,000 |
| Rent Tax Credit | €1,000 single / €2,000 couple |
Don't wait for October
Here is the thing worth sitting with: the average unclaimed entitlement is worth far more than anything a Budget hands you. A €10-a-week rise is €520 a year. Meanwhile the Fuel Allowance is €1,064 a season, the Carer's Support Grant is €2,000, and hundreds of thousands of people never claim what they are already owed. Budget day changes the rates — it does not claim anything on your behalf.
Check what you can claim — free →
Common questions
When is Budget 2027?
Budget 2027 is announced on Tuesday 6 October 2026. It is presented to Dáil Éireann by Tánaiste and Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers. Most tax changes take effect from 1 January 2027, and most weekly welfare increases from January 2027.
Will there be an energy credit in Budget 2027?
Almost certainly not. Budget 2026 ended the universal household electricity credits (the last one was €250) and moved the money into permanent weekly increases instead. The Government has said the once-off approach is not sustainable, and nothing published so far suggests they are coming back. Targeted help still exists — the Fuel Allowance and the Additional Needs Payment.
How much is the Budget 2027 package?
€8.5 billion in total: €7.0 billion of additional public spending and €1.5 billion in taxation measures. That brings total State expenditure to €125 billion in 2027. It has been described as the tightest budget since before Covid, so expect smaller giveaways than the last few years.
Will social welfare payments go up in Budget 2027?
No increase has been announced yet. The last two budgets each added €10 a week to core payments, so a similar rise is widely expected. Social Justice Ireland is calling for €15 a week. Until Budget day, treat any figure you see as a projection, not a decision.
Will income tax be cut in Budget 2027?
A personal income tax package has been confirmed in principle — the Minister for Finance has said there "must be" one, with €1.5 billion set aside for tax measures. The focus is expected to be on raising the point where you start paying the 40% rate (currently €44,000 for a single person) so that pay rises are not swallowed by tax. Important: raising that threshold only helps you if you already earn above it.
Is this calculator official?
No. It is a free projection tool from The People's Pocket, built from published Government statements and pre-Budget submissions, with every measure labelled by how firm it is. We take no money from any bank, advertiser or government body. On 6 October we replace the projections with the announced figures.
Sources
- Summer Economic Statement 2026 — Budget 2027 package and date
- RTÉ — €1.5 billion for tax cuts in Budget 2027
- The Journal — what we know so far about Budget 2027
- Social Justice Ireland — Budget 2027: a roadmap for income adequacy
- Citizens Information Board — Benefits and Taxes 2026 (current rates)
- gov.ie — Budget 2026, Department of Social Protection
We are independent and take no money from any bank, advertiser or government body. This page is a projection built from published Government statements and pre-Budget submissions — it is not official, and not financial advice. On 6 October 2026 we replace the projections with the announced figures.