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im reading this wrong...is the health levy > income levy

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  • 08-04-2009 9:09am
    #1
    jon1981
    Registered Users Posts: 4,359 ✭✭✭


    Hi,

    just looked at the tax calculator and it looks like the health levy is actually having a far bigger impact than the income levy?! I don't think many people realise this.


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    #2
    ixoy
    Moderators, Entertainment Moderators Posts: 17,993 Mod ✭✭✭✭ixoy


    Correct (assuming you're earning over 20k and under 75k). It is being down-played all right - I know when I heard "health levy" I didn't realise what it actually meant.


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    #3
    toodelies
    Registered Users Posts: 80 ✭✭toodelies


    excuse my ignorance but what exactly is the health levy, i had no idea what it was when listening to the budget the last night?


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    #4
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    It's part of your PRSI contribution. Most people paid 6% PRSI. Now you pay 8% thanks to the health levy.


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    #5
    gaz wac
    Registered Users Posts: 1,330 ✭✭✭gaz wac


    yea, prsi is broke down into two, prsi ( 4%) and health levy (2%) = 6%. So now it will be (4% & 4%)= 8% so together with the increase in Income levy, you will be 3% less of on your gross amount :mad:


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    #6
    toodelies
    Registered Users Posts: 80 ✭✭toodelies


    thanksfor that. I did a calculation on that on line thingy and its now officially better for me to be on the dole than it is for me to be working... :rolleyes:.. can't wait to see what december will bring.


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    #7
    hammer1
    Closed Accounts Posts: 20 ✭hammer1


    gaz wac wrote: »
    yea, prsi is broke down into two, prsi ( 4%) and health levy (2%) = 6%. So now it will be (4% & 4%)= 8% so together with the increase in Income levy, you will be 3% less of on your gross amount :mad:

    Cheers for that, didn't have a clue what the health levy was. this might be stupid but what is Prsi for? and then what does the health levy do?

    is it the same thing?:confused:


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    #8
    hammer1
    Closed Accounts Posts: 20 ✭hammer1


    sorry for my ignorance


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    #9
    damoz
    Registered Users Posts: 789 ✭✭✭damoz


    Levy = another name for tax.

    They can call it any name, but its basically just a tax, as it does not go direct to health expenditure, just into the coffers for allocation like all tax.

    In the next budget all the levies will be brought into the normal tax brackets - so expect to see 24% low bracket and 44% high (at least !)


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    #10
    bonnamh
    Registered Users Posts: 21 ✭bonnamh


    Do Civil Servants pay this health levy ?
    I understood they don't pay full PRSI like ordinary workers


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    #11
    ceret
    Registered Users Posts: 189 ✭✭ceret


    I was a bit confused at first, thinking that it was only a 1% increase in taxes, but it's 3% in total. Bah.


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    #12
    Helix
    Closed Accounts Posts: 17,661 ✭✭✭✭Helix


    bonnamh wrote: »
    Do Civil Servants pay this health levy ?
    I understood they don't pay full PRSI like ordinary workers

    its true

    they also sacrifice small children in the name of bank owners, steal pensions from grannies, and are the reason the irish national team is rubbish


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