National Minimum Wage Changes – Budget 2023
October 7, 2022
The National Minimum Wage (NMW) will increase by 80 cent from €10.50 to €11.30 per hour in respect of hours worked on or after 1st January 2023.
The increase in the USC Rate 2 band will ensure that employees working up to 39 hours per week in receipt of the National Minimum Wage remain outside the top rates of USC, while we envisage that the Employer PRSI threshold will be increased to ensure employers continue to pay the lower rate of employer PRSI.