The estimated full year cost of increasing the Increase for Qualified Child by €1 for children under 12 years of age is €11.2m.
The estimated full year cost of increasing the Increase for a Qualified Child by €1 for children over 12 years of age is €4.2m.
The total estimated full year cost of increasing the Increase for a Qualified Child by €1 for children of all ages is €15.4m.
The costs shown above are on a full year basis and are based on the estimated number of recipients in 2023. It should be noted that these costings are subject to change in the context of emerging trends and associated revision of the estimated numbers of recipients for 2024.