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Emergency tax as savings

  • 21-03-2012 12:53pm
    #1
    TheMilkyPirate
    Registered Users, Registered Users 2 Posts: 6,028 ✭✭✭


    Could I do this? I'm currently being taxed around €40 a week on emergency tax, As far as I'm aware I can claim all this back. So would it be OK for me to just let it run and then go to claim it all back in about 4 or 5 months time for my holidays, As I'm useless at saving and this just seems a good way around it.

    Thanks.


Comments

  • #2
    DarkJager
    Closed Accounts Posts: 7,960 ✭✭✭DarkJager


    baraca wrote: »
    Could I do this? I'm currently being taxed around €40 a week on emergency tax, As far as I'm aware I can claim all this back. So would it be OK for me to just let it run and then go to claim it all back in about 4 or 5 months time for my holidays, As I'm useless at saving and this just seems a good way around it.

    Thanks.

    Not a good idea, you're better off getting it sorted as soon as possible. Think it only stays at a lower rate for so long before it goes to 40% of your wages.


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