Rent Allowance eligibility?

Ricky91t

Hi all,

Sorry if this has already been asked but my circumstances are a bit unique so thought I'd be better off asking.

I'm soon starting a 6 month paid internship and trying to figure out my tax credits etc.

I've already figured out I'm eligible for "Personal Circumstances Single Person" €1,650 will this be added to my Tax Credits when I fill out form 21a?

Also Rent allowance, I'll be renting a room in a privately owned house for the duration of my placement, so It seems I'm eligible for Single under 55 of €1600.

After reading the form it seems this can only be claimed after my contract? Is this the case? Or can it be completed as soon as I've started working?

Thanks for your help!

Kristopherus

I may be wrong, but I thought all those tax allowances vanished in the last Budget.

relax carry on

Ricky91t wrote: »

Hi all,

Sorry if this has already been asked but my circumstances are a bit unique so thought I'd be better off asking.

I'm soon starting a 6 month paid internship and trying to figure out my tax credits etc.

I've already figured out I'm eligible for "Personal Circumstances Single Person" €1,650 will this be added to my Tax Credits when I fill out form 21a?

Also Rent allowance, I'll be renting a room in a privately owned house for the duration of my placement, so It seems I'm eligible for Single under 55 of €1600.

After reading the form it seems this can only be claimed after my contract? Is this the case? Or can it be completed as soon as I've started working?

Thanks for your help!

First point, the rent tax credit no longer exists for new renters. Second you are able to earn 16500 this year without paying any PAYE because as a single person you get a personal tax credit of 1650 Euro and The paye credit of 1650 euro. Together they cover up to 16500 euro tax free.

http://www.revenue.ie/en/personal/faqs/starting-work-tax.html

http://www.revenue.ie/en/personal/faqs/how-do-i-work-out-my-tax.html

Ricky91t

Cool, Thanks for your help both!