Eligibility for tax refunds

pikachu88

Hi everyone,

First, I am not originally from Ireland, thus all the financial terms and procedures feel 10Xtimes more complicated to understand even if I did my best to read most of the sticky threads here, but I would like to know if I should trouble myself with visiting the Revenue office or getting customized tax consultation.

(I am working in Ireland for 2 1/2 years now and I am planning to move back to my homecountry in aprox 3 months, that is why I want to get things done while I am here.)

I am single, my only revenue is my salary (taxed with 20%), however, my company gave us stock options, which we also got the money for last year, as another company acquired most of our shares. Each month, a small part of my stock options still gets vested.
For both the stock options that were sold and for the ones that get vested, I paid the 52% tax and I will also have to pay the same tax on capital gains when I will be selling the shares I got.

However, my question is am I eligible to get anything of that refunded or any PAYE tax I paid during these years?

Appreciate any help I can get and sorry if my thread is answered somewhere else already .

CIARAN_BOYLE

Maybe. You honestly need to discuss it with someone who has your full details. Amount of pay received. Tax paid. RTSO details etc.

pikachu88

So based on the little info I gave, does it make sense to pay someone to look into it?

What I am thinking is that I am not going to get pension from Ireland as I only worked for 2.5 years, does it mean I can ask for those funds back?

CIARAN_BOYLE

pikachu88 wrote: »

So based on the little info I gave, does it make sense to pay someone to look into it?

What I am thinking is that I am not going to get pension from Ireland as I only worked for 2.5 years, does it mean I can ask for those funds back?

Well you can't ask for a full refund. First of all it doesnt work on a basis of you pay for what you use and if you are in an EU country and you retire your Irish social insurance is taken into account.

You did pay tax at the higher rate on your rtso but your payroll tax was at a lower rate. You may have unused lower rate band that you can use to reclaim some of the rtso.

pikachu88

Thank you Ciaran, that actually makes a lot of sense. I will give it a try then and will be back to say how it went.

Mrs OBumble

CIARAN_BOYLE wrote: »

and if you are in an EU country and you retire your Irish social insurance is taken into account.

fyi, for pension contributions, there are bilateral agreements with some non EU countries too meaning that contributions here count there and vice versa.

CIARAN_BOYLE

Mrs OBumble wrote: »

fyi, for pension contributions, there are bilateral agreements with some non EU countries too meaning that contributions here count there and vice versa.

Forgot about that but you are right.

There's a list here

http://www.citizensinformation.ie/en/social_welfare/irish_social_welfare_system/claiming_a_social_welfare_payment/social_insurance_contributions_from_abroad.html

pikachu88

Great, the information on that website was useful:

'You should get forms U1 (formerly E301) and E104 when you leave an EU country where you have worked.'

Had no idea I will need to get those forms before leaving Ireland.