The Department of Employment Affairs and Social Protection (DEASP) announced on 24th March, new rates of social welfare payments for those impacted by COVID-19.
a Temporary COVID-19 Wage Subsidy Scheme of 70% of take home pay up to a maximum weekly tax free amount of €410 per week to help affected companies keep paying their employees. This is the equivalent of €500 per week before tax. This scheme also applies to charities and NGOs.
workers who have lost their jobs due to the crisis will receive an enhanced emergency COVID-19 Pandemic Unemployment Payment of €350 per week (an increase from €203). If you have already applied before the 24th of March or are already in receipt of the Pandemic Unemployment Payment you do not need to do anything. Your next payment will be paid at the increased rate;
The Temporary COVID-19 Wage Subsidy is a scheme which allow employers to pay their employees during the current pandemic. Employers will be refunded up to 70 percent of an employee’s wages – up to a level of €410.
The employer is expected to make their best efforts to maintain as close to 100% of normal income as possible for the subsidised period.
This payment replaces the Department of Employment Affairs and Social Protection’s Employer Refund Scheme announced on 15th March, and any business that received refunds under the current scheme do not need to reapply.
Revenue will contact them directly to confirm that they meet the conditions for this new scheme.