Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Tax! Oh wonderful tax.

  • 10-09-2006 5:45pm
    #1
    Newaglish
    Registered Users, Registered Users 2 Posts: 2,734 ✭✭✭


    Hello all,

    I'm going to be starting work in a few weeks, and as i'm looking for accomodation and trying to do a little budgeting, i'd like to know how much take-home pay i'm initially going to have on a monthly basis.

    My vital statistics;

    Pay; 21,500 pa, paid monthly
    Age: 19
    Status: Single
    Income earned so far this year: 0

    So it's probably a pretty easy calculation! I'm just not sure what reliefs i'm entitled to. I'm not going to be paying any pension/permanent health insurance/subscriptions or anything of that kind for the first year, until my pay increases.

    I assume i'm going to get;

    Single person's tax credit
    PAYE employee tax credit
    Rent allowance?

    It's a while since I studied tax so i'm not really sure what i'm eligible for nor do I know what the figures are anymore.

    Any help anyone can give with a rough estimate of what my take-home pay will be would be appreciated!


Comments

  • #2
    Blackjack
    Registered Users, Registered Users 2 Posts: 3,628 ✭✭✭Blackjack


    This should help. Don't forget to select the "SHOW - Monthly Take home pay" just above the large text box.

    Don't forget if you need to get transport to work your employer may offer the relevant scheme to buy an annual pass- a bit of a chunk to pay initially, but well worth it and also saves paying the daily or weekly bus/train fare.

    Also, if you are renting from a landlord, you can claim relief on that.

    There are other tax reliefs available, however I don't have the details on all of them.


  • #3
    spurious
    Moderators, Category Moderators, Education Moderators Posts: 27,316 CMod ✭✭✭✭spurious


    Make sure you go into the tax office and get your credits organised before or as soon as you start working, so you don't go on emergency tax.

    You will probably pay no tax at all this year (because you are going to have a year's credits but only work four months this year) so your first few cheques will be higher than when you start paying tax. Your January payslip will show tax deducted. Any tax that is deducted between now and the end of December you should be able to claim back.

    Any time I have gone near the tax office they have found me money I could claim back.


Advertisement