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Started work this month - more tax credits?

  • 18-09-2012 8:48pm
    #1
    mog33
    Registered Users, Registered Users 2 Posts: 10 ✭


    Hi!

    I just started working full time since last week. Since I read that Tax Credits are for a full tax year, am I to receive 3300 euro of tax credits in the coming 4 monthly salaries? So will I earn more in my first 4 months?

    Annual gross income = 23.500

    Thanks :)


Comments

  • #2
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,702 ✭✭✭✭namenotavailablE


    That's correct (assuming that you weren't working part-time or in receipt of taxable welfare income, both of which could reduce your tax credits for the new job).
    The only other thing is to make sure that you have notified the tax office of your new employer/ job. Doing that will ensure that your employer is able to give you the full benefit of your annual credits rather than tax you using the emergency basis.
    I've an Excel spreadsheet [best is 2007 file format] which you can download (linked in my signature [viewable if you are logged in] or on the 'About me' page of my profile)

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



  • #3
    mog33
    Registered Users, Registered Users 2 Posts: 10 ✭mog33


    Thanks for your reply but unfortunately I can't download your Excel files!


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