Budget 2027 shorts

The following are some of the key numbers and measures from Budget 2027:

Super bonus: €1,000 non-taxable bonus will be paid out to every worker, including self-employed, working pensioners and part-timers, who earned €12,000 or more. Those earning less will receive a pro-rata bonus with the minimum being €500.

COLA: €6.41 per week.

Minimum wage: €10.41 per week increase including COLA.

Pensioners: €10 per week increase including COLA.

Annual tax-free income for pensioners: Increase to €37,624

Bonus for elderly who have no pension: €333 increase that will see bonus range from €933 to €1,383.

Parent tax cut: Taxpayers with children will benefit from the second consecutive tax cut in January 2027. The measure forms part of a three-year reduction in the parent tax, the first of which was delivered in 2026 and the last of which will be delivered in 2028. The progressive adjustment of tax brackets will provide significant savings for families with children and is worth €160 million over three years.

Adoption grant: €1,000 increase to €13,000.

Carers’ Grant: Increase to €7,500 per year.

Disability therapy: Therapy will be free for children and teenagers under 18.

Elderly carer at home grant: €800 increase to €9,800 per year.

Company tax: Companies with a turnover that does not surpass €1 million will see their top tax rate cut to 25% from 35%.

Ecotax increases: Tourists staying in a hotel will pay €8 per person per night environment tax, capped at €64; tourists residing in a short-let accommodation will pay €10 per person per night, capped at €80; tourists on a cruise liner setting foot in Malta will pay €10.

Fast ferry: Tourists will pay €3 more on the standard fare.