Linfield won the league for the 47th time and 2nd consecutive season.
Loughgall was relegated after finishing bottom of the table, while Glenavon survived after beating Bangor 4–2 on penalties in the promotion play-off following a 1–1 draw on aggregate after extra time in the second leg.
Glenavon, the club that finished in the relegation play-off place, faced Bangor, the runners-up of the 2006–07 Irish First Division in a two-legged tie for a place in next season's Irish Premier League.
Glenavon won the tie 4–2 on penalties after a 1-1 aggregate draw and retained their Premiership status.
Glenavon won 4–2 on penalties and remained in the Irish Premier League