Reducing PAYE tax - options?

One More Toy · 11-02-2016 06:15PM #1

Are there many options to reduce your PAYE liability?

I already max out pension contributions but just querying is there anything else I can do?

barneystinson · 11-02-2016 09:25PM

One More Toy wrote: »

Are there many options to reduce your PAYE liability?

I already max out pension contributions but just querying is there anything else I can do?

Earn less / work a shorter week?

allthedoyles · 11-02-2016 11:42PM

Increase your tax credits / claim full entitlements

Carawaystick · 15-02-2016 03:58PM

get old, over 65 anyway
over 70 to get a usc tax break

pay doctors lots, get a fifth back from the taxman

get a new bike on the bike to work scheme bought for you by your employer
get a public transport ticket bought for you by your employer.

namenotavailablE · 15-02-2016 04:00PM

Also, Permanent Health Insurance (aka Income Protection) premiums are treated much the same as pension contributions from a tax perspective (PAYE relief granted at the marginal rate but no PRSI or USC relief).

jjjd · 17-02-2016 01:14AM

Invest in EII/BES schemes?

http://www.revenue.ie/en/tax/it/leaflets/it55.html

Reducing PAYE tax - options?

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