BUDGET 2011 CALCULATOR

daravinny

Found this good calculator, if its accurate, I am down 2500 per year and 210 per month

http://www.thejournal.ie/budget-calculator-2011/#advanced-calculator

murphym7

I tried this and by doing it as single's my wife and I are down 1761 PA. We are cureently assesed seperatly.

By doing it jointly we are down just 699. That can't be correct as we both earn exactly the same. I have seen a few comments on the calculator page off people saying its not accurate.

murphym7

Just tried this one that seems more like it: http://www.domybooks.ie/Blog/2011-budget-calculator/

nellocono

Yep, the domybrooks one seems very acurrate actually. Calculated my pay almost to the cent

L'prof

daravinny wrote: »

Found this good calculator, if its accurate, I am down 2500 per year and 210 per month

http://www.thejournal.ie/budget-calculator-2011/#advanced-calculator

I'm afraid I can't feel sorry for someone who earns so much!

godtabh

L'prof wrote: »

I'm afraid I can't feel sorry for someone who earns so much!

why would any one have sympathy for you with statements like that?

L'prof

godtabh wrote: »

why would any one have sympathy for you with statements like that?

I'm not looking for sympathy in any way shape or form. Cuts were necessary and were implemented, we just have to get on with it and I will. You do the same.

Cookie_Monster

nellocono wrote: »

Yep, the domybrooks one seems very acurrate actually. Calculated my pay almost to the cent

except no options for any other credits etc

daravinny

L'prof wrote: »

I'm afraid I can't feel sorry for someone who earns so much!

apologies, I ammend my post.

Found this good calculator, if its accurate, I am down 2500 per year and 210 per month

how do you know how much I earn, or what I do to earn it? I make no apologies for earning a decent (not fantastic) wage, but we are a one income family with 1 child who is special needs. Great to see there are still immature fools out there who talk nonesense. its one of the problems with forums like this, 16, 17 yr olds get to spout on ideological high moral rubbish without having stepped out in the world without holding mammy or daddies hand.

L'prof

daravinny wrote: »

apologies, I ammend my post.

Found this good calculator, if its accurate, I am down 2500 per year and 210 per month

how do you know how much I earn, or what I do to earn it? I make no apologies for earning a decent (not fantastic) wage, but we are a one income family with 1 child who is special needs. Great to see there are still immature fools out there who talk nonesense. its one of the problems with forums like this, 16, 17 yr olds get to spout on ideological high moral rubbish without having stepped out in the world without holding mammy or daddies hand.

Talking through your hoop. I don't really care for your circumstances or the fact that your income has been cut, it's that simple!

Denisejcc

This one is very accurate

http://download.pwc.com/ie/2011_budget__calculator/index.html

murphym7

L'prof wrote: »

Talking through your hoop. I don't really care for your circumstances or the fact that your income has been cut, it's that simple!

Why do you keep commenting about it so??

Pandoras Twist

murphym7 wrote: »

I tried this and by doing it as single's my wife and I are down 1761 PA. We are cureently assesed seperatly.

By doing it jointly we are down just 699. That can't be correct as we both earn exactly the same. I have seen a few comments on the calculator page off people saying its not accurate.

Tax bands are different for Jointly assessed couples with 2 incomes, rather than jointly assessed with one income or for 2 people separately assessed. It was supposed to encourage women to enter the workforce

So if you are married and jointly assessed, a higher proportion of your income will be taxed at the standard rate of 20%. It was something like 72,800 before the budget, not sure what it is now.

Tiriel

murphym7 wrote: »

Just tried this one that seems more like it: http://www.domybooks.ie/Blog/2011-budget-calculator/

I just used that and I went up a euro?!

Sam Vimes

Cork_girl wrote: »

I just used that and I went up a euro?!

It was similar for me. On mine the health levy and the income levy that I was paying this year add up to less than the USC charge that replaces them so the extra tax I'm paying is cancelled out.

Royale with Cheese

I did a couple of them, I'm up in both. Haven't checked why but I'd guess they've changed the way prsi is done (I was just inside the top band). In the old version somebody earning €26k actually had a greater take home pay than somebody earning €26.5k

Sam Vimes

With a bit of playing around I found that someone on €26000 or less used to pay the income levy but not the health levy where now they pay the full USC.

So someone on €26,000 is €979 worse off than before and someone on €26,001 is €61 better off :eek:

Sam Vimes

Royale with Cheese wrote: »

I did a couple of them, I'm up in both. Haven't checked why but I'd guess they've changed the way prsi is done (I was just inside the top band). In the old version somebody earning €26k actually had a greater take home pay than somebody earning €26.5k

LOL you're right

That's a bit ridiculous tbh. That's the problem with those kinds of thresholds

Actually all other things being equal someone had to earn €27,450 before they had the same take home pay as someone on €26,000.

Royale with Cheese

It was completely arseways the way they were doing it. Imagine being on 26k and then getting a €1k salary rise?

Toblerone1978

Royale with Cheese wrote: »

I did a couple of them, I'm up in both. Haven't checked why but I'd guess they've changed the way prsi is done (I was just inside the top band).

Are you self-employed?

namenotavailablE

I've uploaded an Excel spreadsheet calculator here for 2011 (also has 2010 and 2009 data)

Send any comments/queries to this thread (or the e-mail address included in the calculator)

Mister men

I'm on very low pay and am down 18 euro a week. Meanwhile someone on the dole is down only eight euro. It was borderline for me in regards to working being worth my while with transport and other costs. Think i'll be signing on sooner rather than later.

Pandoras Twist

Before making that decision I would consider the benefits to your CV of keeping on your job. When the economy picks up again, employers will take on people who have the most recent work experience before taking on someone who has spent the last year on the dole. Unfortunate but true.

There are also the psychological effects of going on the dole. A lot of research has shown that there is higher risk of depression etc. when you're on the dole for a prolonged period of time.

And what happens if the next budget cuts social welfare lower than minimum wage? Will you be able to get your job back? Doubtful

DoMyBooks

Thanks for the feedback on our calculator. We are modifying it today if anyone has any features they'd like please let me know.

Refugee from RealLife

Why are all the calculators giving me different amounts?

DoMyBooks

Refugee from RealLife wrote: »

Why are all the calculators giving me different amounts?

It's surprisingly complex to code. Is the Do My Books one above the same as Delloitte ? I tested against theirs and we were the same on all points.

Refugee from RealLife

DoMyBooks wrote: »

It's surprisingly complex to code. Is the Do My Books one above the same as Delloitte ? I tested against theirs and we were the same on all points.

The lone parent option seems to be correct now,this was causing me to doubt the figure.

Thanks

NeVeR

€6 better off ????

maddogcollins

When calculating PRSI Deloitte and PWC both calculate it with with first €127pw exempt. Is this not being abolished as of 01/01/11?