Social welfare recipients in Ireland are set to receive a new payment of €450 a week. The Pay-related Benefit is due to come into effect next year and will be available to people who have lost their job and want to start their own business.
The payment will be paid at a rate of €150 per week for the first six months and €75 per week for the following six months. It will be available to people who have been unemployed for at least six months and who have a business plan that has been approved by the Department of Social Protection.
The new payment is part of a range of measures introduced by the government to help people who have been affected by the Covid-19 pandemic. Other measures include the Pandemic Unemployment Payment, which is due to end next month, and the Employment Wage Subsidy Scheme, which has been extended until August.
The new payment is a welcome addition to the range of supports available to people who have been affected by the pandemic. It will provide much-needed financial assistance to people who are looking to start their own business and will help to create new jobs in the economy.
If you are interested in applying for the Pay-related Benefit, you can find more information on the website of the Department of Social Protection.
The Pay-related Benefit is a taxable payment.