Minister Donohoe announces update to the Temporary Wage Subsidy Scheme


Today Finance Minister Paschal Donohoe TD has announced further updates to the Temporary Wage Subsidy Scheme, which apply to those earning less than €500 per week (approx. €31,000) as well as those earning in excess of €586 per week (€38,000).

Employees with net pay less than €586 per week (€38,000):

  • for those employees with previous average net pay up to €412 per week (equivalent to almost €24,400) the subsidy will be increased from 70% to 85% of their previous net weekly pay
  • for those employees with previous average net pay between €412 and €500 per week (equivalent to €24,400-€31,000), the subsidy will be up to €350 per week

For more information, see here.

 

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