According to PWC, “Budget 2026 strikes a balance between fiscal prudence and strategic ambition. With measures to simplify business regulation and boost foreign direct investment, the Budget sets out a clear path for growth. Infrastructure commitments, incorporating housing and energy, signal long-term planning.”

There wasn’t really much shock and awe in the latest budget. In a time where the word “unprecedented” is used….on an unprecedented number of times…it’s something we’re not unhappy about.  However, there are 3 quick wins you might have missed:

Tax Relief on Investment Gains

For those investing through Life & Pension companies, the tax they will pay on their investment gain will drop from 40% to 38%.

Standard Rate of Tax and Self Employed

The Standard Rate (20%) Income Tax Band was raised to €44,000 at the start of 2025. If you are self employed and control your salary, it is worth checking if you are maximising your income at the lower rate

Rent Tax Credit

The Rent Tax Credit will continue until at least 2028. This is €1,000 per year for individuals and €2,000 per year for couples. If you are renting you should ensure you claim this credit. If you haven’t done so previously, you can still go back as far 2022, when it was first introduced.
It is also worth noting that you can claim this for:
  • your principal private residence (the house apartment you rent & live in).
  • another property used to facilitate your attendance at work or college (an approved course).
  • a property you rent for your child to attend college (an approved course).

Mortgage Interest

Mortgage Interest Relief has been extended for two more years. You may qualify if your mortgage balance was between €80,000 and €500,000 on 31 December 2022 and your interest costs have risen compared with 2022.

The credit is 20% of the extra interest you paid in 2023, 2024 and 2025 versus 2022, capped at €1,250 per year. As a guide, if your repayments rose by €200 a month in 2024, that is €2,400 extra for the year and a €480 tax credit. You must claim it through Revenue, either in myAccount or when filing your return.

Example:
If you mortgage repayment increased by €200 per month in January 2024, then you can claim back:
2024: 200 x 12 x 20% = €480 (if you have not already done so)
2025: 200 x 12 x 20% = €480

Planning for Today, Tomorrow and the Unexpected

At Lynx Financial Services, we believe financial planning should not be complicated or overwhelming. That is why we take a personalised, straightforward approach, helping you save for today, tomorrow and the unexpected.

No jargon. No hidden fees. Just clear, honest advice tailored to your goals.

Whether you want to grow your investments, plan for retirement, protect your family or secure the right mortgage, our expert advisors will guide you every step of the way.

Your financial security is our priority and, as a member of Brokers Ireland regulated by the Central Bank of Ireland, you can trust that you are in safe hands.

Wherever you are in life, whatever your financial ambitions, we are here to help.