August is when many people feel the pinch and spend large amounts of money, but it may also be our final chance for some great weather. This is the time of year when parents have to contend with rising living expenses in addition to the expenses associated with returning their children to school, which directly affects their income, reports The Mirror.
On the other hand, there is positive news for thousands of people as important scheme modifications and increases in social assistance payments are quickly approaching.
Here, we examine the financial adjustments that are taking place this month.
According to RSVP, early next month will see the disbursement of Child Benefit and weekly social welfare benefits to recipients, reports The Mirror.
Due to the bank holiday on Monday, August 5, all banks, post offices, and intracenters will be closed. The Department of Social Protection announced on its website that any receivers of social assistance payments that were scheduled to be received on Monday will likewise get an early payment. The Child Benefit, which is deposited into accounts on the first Tuesday of each month, will also be impacted by this.
Child Benefit is often paid on Friday or Saturday to avoid any late payments; therefore, it will appear in accounts on Friday, August 2, or Saturday, August 3.
An allowance for back-to-school clothing and footwear will be given to parents. For every kid for whom the Back to School Clothing and Footwear Allowance is paid, an extra €100 will be given, reports The Mirror.
The amount will be €260 for children ages 4 to 11 and €385 for children ages 12 to 22.
Beginning in August 2024, parental leave and parental benefits will be extended by two weeks. This implies that instead of receiving seven weeks, those who qualify for the program will now receive nine.
Each parent is entitled to time off during the first two years of their kid’s life, or within two years of the child being placed with their family in the event of an adoption, reports The Mirror.
If you have multiple births, such as twins or adopt two or more children at the same time, the leave period does not change.
Prices for petrol and fuel will rise nationwide on August 1. The government agreed to temporarily lower the excise duty on auto diesel, petrol and designated fuel oil due to the crisis in the cost of living, reports The Mirror.
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