As summer kicks off in Ireland, June brings a number of important financial updates that could impact families, mortgage holders, and carers. From an annual €2,000 social welfare payment to significant mortgage rate reductions by leading banks, it’s a busy month for money matters. Households are also being reminded to prepare early for the Back to School Clothing and Footwear Allowance, while Gardaí are warning residents in Cork about counterfeit euro notes circulating locally.
Here’s a comprehensive breakdown of the money changes happening this June in Ireland.
Social Welfare Updates
€2,000 Carer’s Support Grant to Be Paid in June
A major update this month is the increase in the Carer’s Support Grant, a yearly payment to full-time carers. The grant has been boosted by €150, bringing the total to €2,000 in 2025.
This tax-free, non-means-tested payment will be made automatically on Thursday, 5 June to those currently receiving one of the following supports:
- Carer’s Allowance (both full and half-rate)
- Carer’s Benefit
- Domiciliary Care Allowance
No separate application is needed if you’re already receiving one of the above supports.
However, if you are caring for someone but not receiving any of these payments, you must submit a Carer’s Support Grant application form (CSG1) for each person you care for. These forms are available at local Intreo Centres, Social Welfare Branch Offices, or Citizens Information Centres.
➡️ Find more information about the Carer’s Support Grant here.
Education Support
Back to School Clothing and Footwear Allowance Applications Open in June
While the Back to School Clothing and Footwear Allowance (BSCFA) isn’t paid until mid-July, applications for the scheme will open in June.
Families may automatically qualify and be notified by the Department of Social Protection (DSP) through their MyWelfare account or via post. If you do not receive notification by the end of June, you will need to apply manually online through the MyWelfare portal.
Payment Details:
- €160 for each child aged 4–11 (as of 30 September)
- €285 for each child aged 12–22 (as of 30 September)
First payments are expected to begin from Monday, 14 July.
➡️ Learn more about the BSCFA here.
Mortgage Rate Changes
June also brings some relief for mortgage holders, with several Irish lenders announcing reductions in fixed interest rates.
AIB
AIB has confirmed:
- A 0.75% cut to its 2-year PDH (Private Dwelling House) fixed rates
- A 0.50% reduction across most other PDH fixed rates
- No changes to AIB Green fixed rates or the Higher Value 4-year fixed rate
➡️ View AIB’s mortgage updates.
EBS
EBS will also reduce its PDH non-green fixed mortgage rates by up to 0.5%.
➡️ More on EBS mortgage changes here.
Haven Mortgages
Haven, part of the AIB Group, is introducing a similar 0.5% reduction on PDH non-green fixed rates.
➡️ More on Haven’s mortgage rates.
Núa Money
New entrant Núa Money is also slashing rates on its 3- and 5-year fixed-term mortgages where the Loan-to-Value (LTV) is 70% or lower.
➡️ Find out more at Núa Money.
Security Alert
Warning Issued Over Counterfeit Euro Notes in Co. Cork
An Garda Síochána have issued a public warning after fake euro notes were discovered circulating in County Cork this month. The counterfeit currency is believed to be primarily in €20 and €50 denominations, with some reportedly bearing visible flaws such as:
- Poor print quality
- Blurred holograms
- Incorrect watermark placement
The Gardaí urge the public to inspect notes carefully and to report any suspicious currency to local authorities. Possession or use of counterfeit money is a criminal offence under Irish law, even if acquired unknowingly.
To avoid receiving fake notes:
- Only accept cash from trusted sources
- Familiarise yourself with security features (watermark, hologram, texture)
- Use UV detectors where possible
➡️ More on how to identify counterfeit notes here.
Key Takeaways for June:
- €2,000 Carer’s Support Grant paid automatically to eligible carers on 5 June
- Back to School Allowance applications open in June, with payments beginning 14 July
- Mortgage rate cuts across AIB, EBS, Haven, and Núa Money
- Garda warning on counterfeit notes in Cork—inspect your cash
