The estimated full year cost of increasing the Increase for Qualified Child by €5 for children under 12 years of age is €56.0m.
The estimated full year cost of increasing the Increase for Qualified Child by €10 for children under 12 years of age is €112.0m.
The estimated full year cost of increasing the Increase for a Qualified Child by €10 for children aged 12 and over is €42.4m
The estimated full year cost of increasing the Increase for a Qualified Child by €15 for children aged 12 and over is €63.6m.
The cost is based on the estimated annual average number of eligible children- 249,900 aged under 12 and 96,200 aged 12 and over.
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.