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Can I Get Some Help Please?

  • 12-05-2012 5:25pm
    #1
    Kintarō Hattori
    Registered Users, Registered Users 2 Posts: 15,039 ✭✭✭✭


    Hi Folks,

    I'm hoping someone might be able to give me some advice, as I'm afraid like most people I'm not the most tax savvy.

    Currently I'm on the lower tax band. If I were to take a new job I would be pushed- just barely into the higher tax band and as a result even though I'd be earning a lot more on paper I'd be taking home about the same money as the lower paying job. Do I need to give you figures?

    Currently my partner has a low paying part time job. Would there be much of a tax break if we were to get married? We have no kids and just bought our own home last year.

    As I said I'm not savvy on these things- so just ask away for any information you need.


Comments

  • #2
    Kintarō Hattori
    Registered Users, Registered Users 2 Posts: 15,039 ✭✭✭✭Kintarō Hattori


    Actually- just looking at revenue I think I may have misunderstood things. Looking at the personal circumstances I think I may fall into the first thing:
    Single, Widowed or a Surviving Civil Partner without qualifying children.
    So does this mean that I pay tax up to €32,800 and then anything earned after that is taxed at 41%?
    Married or in a Civil Partnership - both Spouses or Civil Partners with income.
    If we were to get married then I could earn up to €41,800 @ 20% with anything extra being taxed at 41%?

    http://www.revenue.ie/en/tax/it/leaflets/it1.html#section3


  • #3
    Shane732
    Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭Shane732


    Yes depending on the figures you could have a greater net pay if you were married or civil partners.

    You pay tax up to €32,800 at 20% after that you pay tax at 41%.

    There are various tax calculators on the internet, just google it. These calculators are not 100% accurate but should give you an indication of the tax you'll pay in different situations.

    It's impossible to give you advice because of the variables.


  • #4
    Kintarō Hattori
    Registered Users, Registered Users 2 Posts: 15,039 ✭✭✭✭Kintarō Hattori


    Thanks Shane. Someone pointed me to a tax calculator (I didn't know about them) and it's given me a better understanding of where we'd stand. I wouldn't get married just to save tax but it's something we would have done eventually anyway (when money was saved) so it's better to do it earlier it would seem.


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