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Work Reward Taxation

  • 16-09-2014 12:25pm
    #1
    uli84
    Registered Users, Registered Users 2 Posts: 1,731 ✭✭✭


    So I got a mere 100 euro reward (BIK) at work for being good last month ;) my salary for that month decreased by 52 euro - is it possible so much tax was taken on it or I should investigate?
    Thanks
    Tagged:


Comments

  • #2
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭Citizenpain


    If you are on the higher tax rate it's spot on ...
    Once you go into the higher rate you pay 52% tax


  • #3
    uli84
    Registered Users, Registered Users 2 Posts: 1,731 ✭✭✭uli84


    Oh God, I must be or it is a mistake, need to check above what gross it is 52%, I don't earn much...Thanks!

    ah just read the below:
    http://www.publicpolicy.ie/top-marginal-rates-income-tax/

    ''The top rate of tax on employees in Ireland (including PRSI and Universal Social Charge) is 52% (OECD Average 46%). The Irish rate begins to apply to single people at average earnings. ''

    My earnings are average so I guess the 52 taken is correct, I was totally unaware of this ''robbery'' heheh
    Sometimes it's better to not know :/


  • #4
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭Citizenpain


    uli84 wrote: »
    Oh God, I must be or it is a mistake, need to check above what gross it is 52%, I don't earn much...Thanks!

    ah just read the below:
    http://www.publicpolicy.ie/top-marginal-rates-income-tax/

    ''The top rate of tax on employees in Ireland (including PRSI and Universal Social Charge) is 52% (OECD Average 46%). The Irish rate begins to apply to single people at average earnings. ''

    My earnings are average so I guess the 52 taken is correct, I was totally unaware of this ''robbery'' heheh
    Sometimes it's better to not know :/
    32,800


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