Work placement, tax question.

wheres me jumpa

Im a student on 6 month work placement atm. Im paying about 50 eur a week in tax. Will I get this back when Im finished?

Pythia

Will you be working at all during the rest of the year?

samb

It's about 8k you can earn tax free (anyone got an exact figure), so yes you should get it back, or at least most of it. Thats over a grand back for you probably

Repli

You are being emergency taxed, ring your local revenue office (numbers are on www.revenue.ie) and have them send out a certificate of taxes to you and 1 to your employer. You will need your employers PPS number. You will get all that emergency tax back by the way as soon as your employer receives the tax cert.

wheres me jumpa

Thanks for the replies.

I dont think I will be working after the 6 months, have to go back to college, might be a part time job. But lets just say I wont be working.

I thought emergency tax was a lot higher than the rate im getting charged now. I had my P45 in on time too. Theres a mate of mine getting exact same pay and being charged the same rate.

Yes I should be asking my employer but I hate asking qquestions about money! So thought Id try here first.

Again thanks for the replies.

Stark

First time emergency tax is 45% on your entire earnings. That's the first time you work ever though.

If you're charged emergency tax in subsequent jobs, it'll be on a "month 1" basis. This means you're probably being charged 20% on most of your salary but you're not getting all the tax credits that you deserve.

When you hand your P45 into your employer, they have to send that to the tax office and the tax office returns a tax cert to the employer saying exactly how much to deduct. If payroll in my company are telling the truth, there's a big backlog atm (though it's far more likely that they're waiting a month before sending off the P45, lazy bureaucratic ***** that they are). Ring your payroll office to ask if they were returned the tax cert yet.

Also remember to fill in a "Form 12" (available off www.revenue.ie) next year, so that you can take advantage of the tax credits you won't be using this year after you finish work.

wheres me jumpa

Thanks very much Stark.

ChRoMe

wheres me jumpa wrote:

I hate asking qquestions about money!

I never went to college (straight into work after 2nd level) but I'm presuming that the idea of the placement is to attempt to get you used to life in the workforce. It isint just about the job you are doing but learning to deal with all the other crap that goes along with it. I am aware this is off topic but just that sentence struck a chord with me as being something you will need to fix. In the big bad world you need to stick up for yourself in these sort of matters

wheres me jumpa

ChRoMe wrote:

wheres me jumpa wrote:

I hate asking qquestions about money!

I never went to college (straight into work after 2nd level) but I'm presuming that the idea of the placement is to attempt to get you used to life in the workforce. It isint just about the job you are doing but learning to deal with all the other crap that goes along with it. I am aware this is off topic but just that sentence struck a chord with me as being something you will need to fix. In the big bad world you need to stick up for yourself in these sort of matters

Totally agree and Im sure I will grow into that attitude.