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.
