What am entitled to?

Slippin Jimmy

Mod sorry if this is the wrong forum, didn't know where else to post it. Please move if its in the wrong forum.

Anyway I am 16 and have started a job this week. I have to pay tax out of my wages presumably. I am in full time second level education and will be working part time on Saturdays and Sundays during the school term. Am I able to claim that tax that I pay back? Is there anything at all that I am entitled to, I am thinking of geting a studentcard, but is there anything else that I can get that will save me money. I know this sounds a bit rude, but I have hardly any money as it is. Please excuse my ignorance.

SarahMc

You wont have to pay tax unless you are earning over 15,500 (thats almost €300 every week). When you start, you may have to pay "emergency tax", but that will sort itself out in a couple of weeks, and you will get that back in your paypacket.

Slippin Jimmy

SarahMc wrote:

You wont have to pay tax unless you are earning over 15,500 (thats almost €300 every week). When you start, you may have to pay "emergency tax", but that will sort itself out in a couple of weeks, and you will get that back in your paypacket.

How much is the emergency tax?

Noelie

It will be a lot, From what i remember you can earn so much say 500 without paying taxm, then on the next 500 you pay 20%(low band) and from then on you pay 40%(Top Band). these numbers are from what i remember and are probably wrong but the principle should be correct, either way after about a month or so you'll be seeing about half your wages getting taxed.
But any emergency tax you pay you will claim back when your tax is sorted out, if you want to save money just don't sort out your tax for a while and you'll end up getting a big rebate.

Slippin Jimmy

At the moment I am only getting €7 an hour and am working about 25 hours a week. I am getting about €170 a week, so how much should I pay out on tax?

Sam Vimes

DonnybrookGhost wrote:

At the moment I am only getting €7 an hour and am working about 25 hours a week. I am getting about €170 a week, so how much should I pay out on tax?

nothing. you don't get taxed until you get about 300 a week. i'm on 330 a week and i get taxed about €15.

you'll get taxed at the full 42% while on emergency tax though so be sure to get off it asap

Slippin Jimmy

Commander Vimes wrote:

nothing. you don't get taxed until you get about 300 a week. i'm on 330 a week and i get taxed about €15.

you'll get taxed at the full 42% while on emergency tax though so be sure to get off it asap

How do I get off it?

Sam Vimes

DonnybrookGhost wrote:

How do I get off it?

your employer will give you a form that you have to send in to the tax office. its a retarded system really. the tax office issues your employer with a form. he gives it to you and you send it back to the tax office

Slippin Jimmy

Commander Vimes wrote:

your employer will give you a form that you have to send in to the tax office. its a retarded system really. the tax office issues your employer with a form. he gives it to you and you send it back to the tax office

I applyed for a job before in Mc Donalds and got it. I applyed filled out my tax form and that, so will I still be on emergency tax?

Alter-Ego

You're not earning enough to be taxed so its not a problem for you at the moment and afaik you don't have to fill the form in every time you change jobs so you should be fine.
I pay €134(ish) out of €320 on emergency tax. I let it build up for a while, getting what i'm owed back soon.

Hitchhiker's Guide to...

put simply - if you are paying any tax, there is a problem. You shouldn't be paying any. Although, you may have to pay a little bit of PRSI (€3-€7 max on your current pay), which is a seperate tax that no-one is exempt from.

(i am correct on PRSI, amn't I?)

irishmonkey

Ive been working in a spar for the past 6 months. The pay is less than minimum wage, yet im still being taxed.

tSubh Dearg

http://www.oasis.gov.ie/employment/starting_work/tax_and_starting_work.html

That link explains everything to do with being taxed in a job.

Irishmonkey, you're probably on emergency tax. Look at your payslip. Where it says tax rate, is there an E beside it? Then you're definitely on emergency tax, if it's PAYE being taken from you wages. Again this will be stated on your payslip whether it's PAYE or PRSI being taken out.

If it's PRSI there's nothing you can do about it as everyone has to pay this tax.

If it's PAYE, ring the tax office with you PPS number and your employer's number and they'll sort it out for you. I've always found that it get sorted out faster when you ring the revenue yourself.