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

Help me understand my payslip

Options
  • 24-06-2018 1:17pm
    #1
    Registered Users Posts: 2


    I went from contractor to permanent at work from the 23 of April this year so I get my first monthly payslip on the 28th may . I want to understand how was the USC calculated and also what does 'Tax' they charged me means and also how it was calculated.

    So my payslips read as follow:
    Period :5
    Tax code: N
    PRSI code: A1
    INS WK : 6
    Tax credit this pd: 412.50
    Tax cut off this pd : 3629.17
    Payments
    salary €2016.67
    Salary backpay : €576.19
    Total payment ( Excl Notional) : €2592.86
    Deductions
    USC : €39.16
    PRSI: €103.71
    Tax: €102.16
    Total deductions: €245.03
    Cumulatives
    Gross to date : € 2592.00
    Taxable pay to date : €. 10823.29
    Tax to date : € 102.16
    EES PRSI to date : € 385.04
    Notional Pay to date: € 0.00
    Tax Credits to date. : € 2062.50
    Cut off to date : € 18145.85
    EEs pension to date : € 0.00
    AVs to date : € 0.00
    ERs pension this period: € 0.00
    ERs pension to date : € 0.00

    Net pay : €2347.83

    Thanks in advance


Comments

  • Registered Users Posts: 6,893 ✭✭✭allthedoyles


    tax paid is correct based on your married tax credit of 4950e yearly like this :
    20% of your gross monthly pay is 518.58 less your monthly tax credit 412.50 = tax payable 106.08e



    . USC is deducted on the basis that you have a medical card, otherwise you would have paid 64e USC.

    If you don't have a medical card , then it looks like you did not pay USC on the backpay of 576e


  • Registered Users Posts: 2 Bigbaser


    Thank you for the feedback , that was really helpful


Advertisement