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How much tax do I pay starting out on a job?

  • 20-07-2015 8:07pm
    #1
    Registered Users, Registered Users 2 Posts: 152 ✭✭


    I'm 18 and working in river island. It's my first job, minimum wage. How much tax do I pay altogether? (I heard someone mention emergency tax??)


Comments

  • Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    I'm 18 and working in river island. It's my first job, minimum wage. How much tax do I pay altogether? (I heard someone mention emergency tax??)

    Each persons tax situation is unique to them. As a general rule of thumb, a single person in a standard paye job can earn 16500 in the year before paying any PAYE. Anything above 16500 to 33800 is taxed at 20%. Devide by 52 to figure out what the works out weekly.

    Time to do a bit of reading. I'm like a broken record at this stage, this should be taught in school.

    http://www.revenue.ie/en/personal/faqs/starting-work-tax.html

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


  • Registered Users, Registered Users 2 Posts: 1,696 ✭✭✭thesimpsons


    it is taught in school - daughter just did it in Transition Year business and it was certainly done in junior cert business too but like alot thats taught in school, its forgotten about soon as the exam is over until it actually starts hurting people in their pockets. Its sad to see how many people are clueless at tax, people who are normally intelligent in other aspects of day to day life but see tax as a big mystery.


  • Registered Users, Registered Users 2 Posts: 152 ✭✭Postoffice123


    it is taught in school - daughter just did it in Transition Year business and it was certainly done in junior cert business too but like alot thats taught in school, its forgotten about soon as the exam is over until it actually starts hurting people in their pockets. Its sad to see how many people are clueless at tax, people who are normally intelligent in other aspects of day to day life but see tax as a big mystery.

    Hard to remember every little detail after studying 9 subjects...and we didn't learn how much tax you pay at starting off at jobs . It's not like I'm totally clueless in all aspects of tax, I just want to know how much is coming out of my bank account when I'm only 18 and receiving minimum wage, so if you can't help keep your comments about my stupidity to yourself thanks.


  • Registered Users, Registered Users 2 Posts: 236 ✭✭adrianw


    it is taught in school - daughter just did it in Transition Year business and it was certainly done in junior cert business too but like alot thats taught in school, its forgotten about soon as the exam is over until it actually starts hurting people in their pockets. Its sad to see how many people are clueless at tax, people who are normally intelligent in other aspects of day to day life but see tax as a big mystery.

    Also sad to see how many people do not know 'a lot' is two words. That was probably taught in junior cert english.

    Think you need to climb down from that ivory tower. Maybe the poster didn't study business studies for the Junior Cert.


  • Registered Users, Registered Users 2 Posts: 152 ✭✭Postoffice123


    adrianw wrote: »
    Also sad to see how many people do not know 'a lot' is two words. Thats was probably taught in junior cert english.

    Think you need to climb down from that ivory tower. Maybe the poster didn't study business studies for the Junior Cert.

    Exactly, thank you !


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  • Registered Users, Registered Users 2 Posts: 10,675 ✭✭✭✭MJohnston


    I just want to know how much is coming out of my bank account when I'm only 18 and receiving minimum wage

    Absolutely nothing will come out of your bank account - PAYE means that tax is deducted from your paycheck BEFORE you receive it. If you're on minimum wage, you're unlikely to be passing the lower tax threshold, which means you will be paying no income tax.

    This is all dependent on you providing your employer with a PPS number when you start with them. If you haven't done this, yes, you could be subject to some emergency tax (which again will be deducted from your paycheck before it is paid to you). You'll probably get taxed about 20%, with some small tax credit provided for the first few weeks: http://www.revenue.ie/en/tax/it/leaflets/emergency-basis.html#section3


  • Registered Users, Registered Users 2 Posts: 15,006 ✭✭✭✭callaway92


    To answer the op, from the looks of it (using DeLoitte tax calculator) you'll just be paying USC..unless you are working over 40 hours per week which is highly doubtful.


  • Registered Users, Registered Users 2 Posts: 152 ✭✭Postoffice123


    MJohnston wrote: »
    Absolutely nothing will come out of your bank account - PAYE means that tax is deducted from your paycheck BEFORE you receive it. If you're on minimum wage, you're unlikely to be passing the lower tax threshold, which means you will be paying no income tax.

    This is all dependent on you providing your employer with a PPS number when you start with them. If you haven't done this, yes, you could be subject to some emergency tax (which again will be deducted from your paycheck before it is paid to you). You'll probably get taxed about 20%, with some small tax credit provided for the first few weeks: http://www.revenue.ie/en/tax/it/leaflets/emergency-basis.html#section3

    That is the exact answer I was looking for, thanks so much for your help :-)


  • Posts: 0 [Deleted User]


    I'm 18 and working in river island. It's my first job, minimum wage. How much tax do I pay altogether? (I heard someone mention emergency tax??)

    Congratulations on your first job! Exciting times! You need to get your Employers Tax Number and ring Revenue. They will also need your PPS Number. They will then issue your tax allowances to your employer. it is possible that this might take a week or two, so if you do pay Emergency Tax, you will get it back again. Your Manager will be able to help you there.
    Enjoy the job.


  • Registered Users, Registered Users 2 Posts: 3,323 ✭✭✭davo2001


    I'm 18 and working in river island. It's my first job, minimum wage. How much tax do I pay altogether? (I heard someone mention emergency tax??)

    Also in addition to what people have said, all the information and deductibles should be on your pay slip.


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


    And there's my spreadsheet tax calculator linked in my signature below which you might find useful.


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