Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Tax on Bonuses

  • 12-06-2014 1:42pm
    #1
    2rkehij30qtza5
    Closed Accounts Posts: 1,476 ✭✭✭


    Hi, I know there are a few threads on bonuses here but it still doesn't make sense to me. Can someone please explain.

    If you earn say, €50,000 per year and then you get a bonus of say €10,000 once a year...do you pay the higher rate of tax on this bonus because you pay the higher rate of tax on your salary?

    I have read some threads here that say you only get 40% of the bonus into your head. So, if someone is on the higher rate of tax, gets a €10k bonus...that means they get €4k into their hand and €6k goes to the taxman? I know you can put it into pensions and all that but if you didn't you are basically taxed 60% of your bonus??
    Failed to load the poll.


Advertisement