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P50 - how much back

  • 28-08-2019 2:43am
    #1
    knockers84
    Closed Accounts Posts: 115 ✭✭


    Hi,

    Just wondered roughly how much I would be owed back. I have moved to USA.

    Earned 35k a year and finished work end of July. My salary which was monthly was been taxed on the basis I was working for the full year.

    Thanks


Comments

  • #2
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,703 ✭✭✭✭namenotavailablE


    Assuming that you're single, here's what my calculator shows:

    Gross PAYE due to end of July: €20417 x 20% = 4083
    Less: Tax credits: €3300 x 7/12 = 1925 (leaving 1375 unclaimed tax credits)
    Net tax deducted: 2158

    You should be able to reclaim the unclaimed tax credits of €1375.

    Additionally, you should be able to reclaim some USC.
    My calculator shows total USC deducted in the period to end of July would be €523.82 (€74.83 per month for monthly income of €2917) but based on the actual earnings of €20417 for the year the liability should be €241.72 (calculated as €12012 @ .5% + €7862 @ 2% + €543 @ 4.5%). Therefore, you can reclaim the difference between €523.82 - €241.72= €282.10.

    Summary: PAYE back of €1375 and USC back of €282 = total back of €1657

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



  • #3
    knockers84
    Closed Accounts Posts: 115 ✭✭knockers84


    Many thanks for that!!! Bit of extra money towards a car here!


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