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Income Levy

  • 24-09-2010 11:23am
    #1
    sleepyescapade
    Registered Users, Registered Users 2 Posts: 788 ✭✭✭


    I am a 3rd level student and was on a six month workplacement until last week. I paid 2% Levy biweekly. Just wondering can you claim back the levy paid?


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    You can claim it back, after the end of the year, Provided your total relevant earnings for income levy purposes is less than €15,028.
    It may not be relevant to you, but any week you earned over €500gross you'll have paid 4% health contribution. Again, after the year end, if your total earnings in the year are less than €26,000, then you can claim a refund of this.


  • #3
    sleepyescapade
    Registered Users, Registered Users 2 Posts: 788 ✭✭✭sleepyescapade


    I earned about 690 gross biweekly so not sure if that health contribution is relevant, but thanks - good to know :)


  • #4
    terencemc
    Registered Users, Registered Users 2 Posts: 543 ✭✭✭terencemc


    hey barney,
    that 4% tax on wages over 500...can you claim this back if you dont have a health plan ?


  • #5
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    I'm not sure what you mean terencemc, whether or not you have a health plan has nothing to do with this. If an employee earns over €500 gross in a week, the PRSI deduction will include an extra 4%.
    If, upon review of the year as a whole, the employee's relevant earnings are below €26,000 (52 x 500), then they may reclaim any health levy they have paid.


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