Is EUR. 25 000 per annum a good salary?

FlyingD

Hi just been offered EUR 25.000,- Gross per annum.
Is this a descent salary?

Captain Chaos

There are people who are unemployed on the social, with rent allowance, child benefit and medical card who get about the same if not more. I'm on around that after tax and it's not enough to live on if you live in Dublin. I struggle to make ends meet on that, with no social life or any holidays and it's very hard.

Cedrus

FlyingD wrote: »

Hi just been offered EUR 25.000,- Gross per annum.
Is this a descent salary?

It depends on the job, if they want you to run a multinational corporation then no.
If it's an entry level job with no responsibility then yes.

FlyingD

Cedrus wrote: »

It depends on the job, if they want you to run a multinational corporation then no.
If it's an entry level job with no responsibility then yes.

It will be a customer service job at Pay Pal.
I will have to use my EU language skills.
I'm considering to relocate, but is EUR. 2083,- enough to live comfortable?

FlyingD

Captain Chaos wrote: »

There are people who are unemployed on the social, with rent allowance, child benefit and medical card who get about the same if not more. I'm on around that after tax and it's not enough to live on if you live in Dublin. I struggle to make ends meet on that, with no social life or any holidays and it's very hard.

So EUR. 2000,- NET is not enough to live on per month?

namenotavailablE

You'd come out with approx €1791 net per month in a full year on that gross pay (assuming that you're single with no children & totally standard tax details). If you started the job in say July of this year, you'd get a bit of a short-term benefit (net would be €1980 per month) as you would be able to use up tax credits from January.
See my calculator (linked in my signature underneath or accessible from my profile page).

FlyingD

namenotavailabl wrote: »

You'd come out with approx €1791 net per month in a full year on that gross pay (assuming that you're single with no children & totally standard tax details). If you started the job in say July of this year, you'd get a bit of a short-term benefit (net would be €1980 per month) as you would be able to use up tax credits from January.
See my calculator (linked in my signature underneath or accessible from my profile page).

I'll be starting the 2nd of July.
How can you use tax credits from Jan?

Mansized Wreath

I was offered a job at €26000 a year gross. It's disappointing as I'm quite qualified and experienced however it's full time and permanent,at the moment I'm doing locum work which pays more per hour but isn't guaranteed,is sporadic and is 100 miles commute each way. OP it's not a great salary,granted, but the way I look at it is it's full time work when jobs are scarce and it seems to be a case of 'you need to have a job to get a job'. You might find something that pays higher down the road, I intend to keep job-hunting for a better salary.

Stuck Cone

Shóite, im due to start a job next year for approx 22k a year (entry level etc.), not great is it?:eek:


Thanks for link to tax calculator btw

relax carry on

FlyingD wrote: »

namenotavailabl wrote: »

You'd come out with approx €1791 net per month in a full year on that gross pay (assuming that you're single with no children & totally standard tax details). If you started the job in say July of this year, you'd get a bit of a short-term benefit (net would be €1980 per month) as you would be able to use up tax credits from January.
See my calculator (linked in my signature underneath or accessible from my profile page).

I'll be starting the 2nd of July.
How can you use tax credits from Jan?

You may wish to check out the links below to understand how PAYE works as it will effect your take home pay for the rest of your life. It's pretty basic maths.

The reason you can use unused rate band and credits from January is the tax year runs from January to December and the normal basis for PAYE is cumulative meaning unused rate bands and credits build up until you start work at whatever point in the year.

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

http://www.revenue.ie/en/personal/paye-guide-employees.html

namenotavailablE

I'll be starting the 2nd of July.
How can you use tax credits from Jan?

Your employer will calculate your pay for you. Once s/he has received a notice from the tax office of your tax credits and cut-off point the tax credits from January will automatically be used. it's important therefore that you give your employer the required details, as per the following:

What you will need to do is the following:

1. Apply for a PPS number at your local Social Welfare office- details here.
2. Give your PPS number details and employer details to your local tax office and request a certificate of tax credits- details here. The tax office will send you and your employer this certificate. The employer will then use these details for calculating your tax.

Shane732

Right this thread has nothing to do with taxation.

I'm moving it to After Hours as you'll get more of a general reply there. There was a recent thread in relation to whether a €60k salary was a decent salary in AH - might be worth reading it.

If anyone has any tax specific queries out of this thread, read the stickies and if you can't find what you're looking for start a thread.

later12

Captain Chaos wrote: »

There are people who are unemployed on the social, with rent allowance, child benefit and medical card who get about the same if not more. I'm on around that after tax and it's not enough to live on if you live in Dublin. I struggle to make ends meet on that, with no social life or any holidays and it's very hard.

How much are the diamonds and cocaine costing you?

€25000 is most certainly enough to live on & even have an average social life. There are people living on far less. Things are different if you have kids or a mortgage, but there are supports for the former, and no reason why one must feel the latter is some sort of obligation.

MrMatisse

To those who think that is a low salary, try 22k starting salary in 2006 when a 1 bed cost 1200 pm to rent and prices were sky high!

If your working in paypal then you will probably be living in Dublin 15. You will be fine with 25K.

Sykk

Yes it's an excellent salary considering what people in other countries get for a months work.

Sykk

Captain Chaos wrote: »

There are people who are unemployed on the social, with rent allowance, child benefit and medical card who get about the same if not more. I'm on around that after tax and it's not enough to live on if you live in Dublin. I struggle to make ends meet on that, with no social life or any holidays and it's very hard.

Unless you borrowed beyond your means and have a crazy load to pay back, I can't imagine how you're possibly struggling. I'm on similar wages to you and I can afford to save around 800 quid a month after paying bills/food, socializing, taking the girlfriend out to restaurants and going out regularly.

Cina

Sykk wrote: »

Yes it's an excellent salary considering what people in other countries get for a months work.

It's not an excellent salary if you look at what Dublin costs to live in.

jebuz

FlyingD wrote: »

Is this a descent salary?

No I'd say it's more of an ascent salary

Gurgle

Yep, certainly a good starting salary. You can live comfortably on that, so long as you've no expensive drug / gambling / hooker / mortgage paying / child rearing habits.

Ignore any comparisons to the dole, every month you work increases your earning potential, every month on the dole reduces it.

rdsatapa

If you are single and frugal you should be fine in Dublin 15 on €25k per year. If you want to have a family you will need a second income. But this is a good start.

ryaner777

also remember with Paypal you'll be paid every 4 weeks so will have 13 pay days in the year instead of every month.

you are paid every 4th friday which is handy for doing weekly budgets.

also their are 4 bonus pay days each year which you should be entitled to.

If you have any questions re working in paypal PM me

Lollipops23

I'm on around that, working and living in Dublin. Have been smashed the past 2 months, but only because I recently moved out and am furnishing my new place etc.
Budget properly and you'll be fine. €25k for a grad job (in Customer Services) is decent.

christmas2012

FlyingD i would stick with the job,25,000 euro is better than the 188 a week on the dole,if you have a family though you might want to rethink it,but i would go for it as it is work experience on the CV also..

Sykk

Cina wrote: »

It's not an excellent salary if you look at what Dublin costs to live in.

I'm living in one of the most expensive parts of Dublin (renting) which is a rip off but still. If a person earns 25k without loans and still can't manage to be comfortable then they're just terrible with their money.

questionmark?

If you cant manage on that wage then you need to seek some serious financial/household budget lessons.

The Big Red Button

You can live on it.

I am trying to live on it, but also trying to run a car as well. That's not exactly doable - I am in debt, have f*ck all social life, and haven't had a holiday in years. But that's my choice, because I have the car. Getting rid of it soon though.

MrMatisse wrote: »

To those who think that is a low salary, try 22k starting salary in 2006 when a 1 bed cost 1200 pm to rent and prices were sky high!

To be fair, having a one-bed apartment is a massive luxury!

Stinicker

25,000 is plenty to live on, you have to look at your overheads though. If you are trying to pay a large mortgage, have kids and commuting a long distance to work then it obviously is probably not enough. I am single, own my home with no mortgage and it would be more than plenty to live on. People need to wake up and forget about their massive mortgages and illusions of celtic tiger grandeur. This may be a bad recession but it is one of the best things to ever happen to this country as it is teaching an entire new generation the real value of money and put alot of egotistical people back down to earth and in their place. I have no debt and I work efficently and save around 10k - 15k a year after my frugal expenses. I spend around 1-2 months abroad living cheaply like a king. My secret I know the value of money, don't squander it on thrash and don't drink or smoke.

--LOS--

no I wouldn't call it a good salary tbh unless it's for an entry level job which doesnt require very much qualifications. However I am more than aware that it's all that people who are highly qualified get these days starting out. But you can certainly live on it, if I can manage on JSA while having to pay rent, bills, food etc out of that without any rent allowance or other benefits, then anyone can.

VEN

Is EUR. 25 000 per annum a good salary?

No.

It's ****.

Passes it to the foreigner.

Sorted.

Daisy M

VEN wrote: »

Is EUR. 25 000 per annum a good salary?

No.

It's ****.

Passes it to the foreigner.

Sorted.

The op is not Irish. I am shocked that people think a single person would struggle to survive on this money, there are families living on less and managing to pay mortgages.

wes

Its a good starting salary. When, I started working full time after college, that is what I started on.

VEN

Daisy M wrote: »

The op is not Irish. I am shocked that people think a single person would struggle to survive on this money, there are families living on less and managing to pay mortgages.

that's why they've been offered it, they saw he/she coming :pac:

nah joking aside, its a good wage for young single person starting off or with little experience in the area.

believe me, they're offering just 2-3k above that for people WITH experience in many places here, not to mention paycuts, cuts that you and i shall never see returned again, ever.

prinz

I'll let you know when I start earning that much. I've only recently gotten to the dizzying heights of €24k... and yes, manage to survive in Dublin just fine, not flush with cash but enough to get by. I can't afford to run a car though, that went, after that it's been all about being clever with cash.

Pedant

It's alright for a single person or someone who doesn't have children, but if you have a family I say it's not enough.

Daisy M

Full time on minimum wage would be approx 15k a year. So if this is a young person just out of college or who only has a couple of years experience then I would consider this to be good salary.

Do you guys really think a couple of years in college should give a better starting salary than this? To me the difference of 10k is huge.

blacklilly

Daisy M wrote: »

Full time on minimum wage would be approx 15k a year. So if this is a young person just out of college or who only has a couple of years experience then I would consider this to be good salary.

Do you guys really think a couple of years in college should give a better starting salary than this? To me the difference of 10k is huge.

Full time on minimum wage is just short of 18k gross p.a.
I spent 4 years in college, educating myself. I technically missed out on 72k gross if I decided not to go to college and got myself a minimum wage job so I think I do deserve a better salary.
I am qualified for the work I do and I add value to the company I work for

woodoo

Sykk wrote: »

Yes it's an excellent salary considering what people in other countries get for a months work.

Yes it is a good salary to start on. Its just a pity that in this arseways country some people would be better off on the dole than to take a job paying 25,000. And whats worse is Joan Burton doesn't seem inclined to do anything about it.

Africa

Money fight!!!!

25k is grand! Renting isnt too bad in Dublin. You'll probably get a couple of raises out of them over 2 years as well bring you up to 28k. From there you can try for senior roles, dont know how staff turnover is there though. I hate taxes though, any bonuses I get get nuked by the government.

Jay D

Captain Chaos wrote: »

There are people who are unemployed on the social, with rent allowance, child benefit and medical card who get about the same if not more. I'm on around that after tax and it's not enough to live on if you live in Dublin. I struggle to make ends meet on that, with no social life or any holidays and it's very hard.

If you were Michael Jackson inclined on spending you'd be struggling alright. I survived no problem on 25k. Even meaning going out a few times a week, even saving and even driving a car. Oh and it should be noted not residing with my parents if anyone is wondering.

MsQuinn

It's plenty to earn if you're a singleton with no mortgage.

In 1993 I got £124 per week. Got paid on Friday. Rent was £30. Had the rest to have a good time. Skint by Tuesday. Happy times!!

Young ones are so spoit these days.

Sea Filly

prinz wrote: »

I'll let you know when I start earning that much. I've only recently gotten to the dizzying heights of €24k... and yes, manage to survive in Dublin just fine, not flush with cash but enough to get by. I can't afford to run a car though, that went, after that it's been all about being clever with cash.

Yeah, I'm degree-educated (a good degree in a traditional, hard science discipline) and I earn 20K per annum. I would LOVE to earn 25K, my cup would runneth over! Luckily, I really enjoy my job, which is important to me.

nunn351

It'll take you away from the rut of €188 on the dole , and hopefully some overtime opportunity too

XxMCRxBabyxX

I'm on that as a student intern for the year and it's done me fine. Even provided me with enough savings to finance my final year if I can find a job.

And that's including renting a room on the expensive part of Dublin, using public transport to Wicklow regularly, socialising, going out for dinner, etc.

sheesh

I would take the job. Work in a US multinational looks good on a CV. Cut back the drinking and you will be fine financially. It is a good opportunity OP.

horgan_p

Depends on what you're doing really.Nice easy going job ? 25k is grand - as long as it covers the bills.

I wouldnt be putting up with much guff* for 25k though.







*guff = either grief from customers or pressure from managers.

B.A._Baracus

FlyingD wrote: »

Hi just been offered EUR 25.000,- Gross per annum.
Is this a decent salary?

Yes. Certainly yes.
If a person is on the minimum wage of €8.65 euro an hour. He/She will make €346 euro per week before tax. Thats €17,992 a year.

25k roughly works out at €470 a week before tax. If anyone thinks its not decent they need a reality check.

Jester252

The only way from the bottom is up

CrazyRabbit

As I have worked in a call centre for 12 years (many many different roles), I can say confidently that it is a decent wage for call centre work. Without multi-lingual skills, similar jobs can start at just 21k.

Also, you have to consider...it's Paypal which is a big company and hence there is room for advancement.

Take the job.

grizzly

CrazyRabbit wrote: »

As I have worked in a call centre for 12 years (many many different roles), I can say confidently that it is a decent wage for call centre work. Without multi-lingual skills, similar jobs can start at just 21k.

Also, you have to consider...it's Paypal which is a big company and hence there is room for advancement.

Take the job.

Good advice, also it's easier to get a job when you have a job.

Red_Wake

Sea Filly wrote: »

Yeah, I'm degree-educated (a good degree in a traditional, hard science discipline) and I earn 20K per annum. I would LOVE to earn 25K, my cup would runneth over! Luckily, I really enjoy my job, which is important to me.

How long you in the job?

Joeface

its only ok but well manageable.

Was on less than that for the last 4years after paycuts. All I can say is thank god last month , I was reinstated to my original salary.

Manage the small things. that's were you get caught out.
example .Get a good phone deal so that bill is cheap every month and fixed for your mobile, if you don't own a car or anything like that , its actually not that bad.

480 gross per week. know nothing about paypal but if they throw in Health insurance of some kind your laughing.. and as others have said . your starting its a big company you can progress if your choose.