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 five days per year. This increases to seven 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
Parent's leave This remains at seven weeks per year.
Domestic violence leave Domestic violence leave came into effect on 27 November 2023. The statutory entitlement is five days. Find out more in our guide to domestic violence leave.
What do I need to do in Sage 50 Payroll Ireland? Legislation changes We've included these changes in your payroll year end update. All you need to do is download and install the latest version of Sage 50 Payroll Ireland. 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 need to import these via your 2024 tax year RPNs. Use our Retrieve Revenue Payroll Notifications (RPNs) guide to do this. Revenue issues these and, if applicable, include the following: You can then start processing your payroll in set up your software for processing in 2024. |