Legislation for the 2024 tax year
Description

National minimum wage (NMW)

From 1 January 2024, the NMW rate increases from €11.30 to €12.70. Our National Minimum Wage (NMW) in Ireland guide tells you more.


Pay as you earn (PAYE)

Standard Rate Cut Off Point (SRCOP) increases from 40,000 to €42,000.


Universal Social Charge (USC)

2024 Thresholds Rate
Income up to €12,012.00 0.5%
Income up to €12,012.01 to €25,760.00 2%
Income up to 25,760.01 to €70,044.00 4%
Income above 70,044.00 8%

Statutory Sick Pay

From 1 January 2024, employees have a right to:

  • Paid sick leave for up to 5 days per year. This increases to 7 days in 2025, and 10 days in 2026
  • An SSP rate of 70% of their normal daily wages, paid by employers, up to a maximum of €110 per day

Find out more about SSP, including how to process it, in our Statutory sick pay - general information guide.


Parent's leave

This remains at 7 weeks per year.


Domestic Violence Leave

Domestic Violence Leave came into effect on 27 November 2023. The statutory entitlement in 5 days.

Find out more in our guide to Domestic Violence Leave.


What do I need to do in Sage Payroll?

Legislation changes

The legislation changes are included in your payroll year end update, so all you need to do is Download and install the latest version of Sage Payroll. It includes:

  • National minimum wage
  • USC changes
  • PRSI threshold changes

 NOTE: For full details about legislation changes for 2024, you can view Revenue's Budget 2024 PDF guide. 


Changes to employees

You must import these via your 2024 tax year RPNs. Use our Retrieve Revenue Payroll Notifications (RPNs) guide to do this. These are issued by Revenue and, if applicable, include the following:

  • USC
  • PAYE tax credits

You can then start processing your payroll in Set up your software for processing in 2024.

 

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