Tax on 50k salary / what should the net be?

Kandy · 02-06-2020 06:04PM #1

Hi,

What should the net be for a single person on 50k?

No children or contributions to health insurance or pension.

Would a 4 weekly pay of approx 2800 sound correct?

Thank you

Springy Turf · 02-06-2020 06:11PM

Easily calculated with one of many online tax calculators. For 50k you are paying
€13,213 total tax.

You will net €3,066 monthly pay and €707 weekly.

Google Income tax calculator 2020 (I am not allowed to link as I am a new user)

Kandy · 02-06-2020 06:15PM

Thanks for this

I have used that before but Revenue told me I am getting taxed correctly. I know €2800 is still good but I can't understand why I am not getting what all the tax calculators say I should be getting which is approx 3000 like your calculation

Meeoow · 02-06-2020 06:27PM

You're both correct. 2800 for 4 weekly, you'll get 3500 ish for 5 week month.

lashes34 · 02-06-2020 07:10PM

Kandy wrote: »

Thanks for this I have used that before but Revenue told me I am getting taxed correctly. I know €2800 is still good but I can't understand why I am not getting what all the tax calculators say I should be getting which is approx 3000 like your calculation

€700 a week is €2800 for 4 weeks! Is it monthly paid or 4 weekly?

Kandy · 02-06-2020 07:17PM

Hi,

That must explain it then. I get paid 4 weekly so that makes sense

snoopboggybog · 03-06-2020 11:44AM

Public or Private sector?

L'prof · 03-06-2020 11:47AM

Pension or health contributions?

Dakota Dan · 03-06-2020 11:54AM

Kandy wrote: »

Thanks for this I have used that before but Revenue told me I am getting taxed correctly. I know €2800 is still good but I can't understand why I am not getting what all the tax calculators say I should be getting which is approx 3000 like your calculation

There are 4.333 weeks in 1 month so by your own calculations you’re getting 3,033 a month.