How much money are you down with the new tax year?

gazzer

Just had a look at my payslip for the first 2 weeks of this year. With all the budget changes I am going to be down €26 a week. Bloody hell. Thank god I have reduced my health insurance and got rid of Sky Movies/Sports.

FatherLen

im a hooker. dont pay tax

Minstrel27

I have no idea.

Cookie_Monster

80 down on rent credit, 180 on PAYE and 180 on single. Have lost the education relief as finished for now (but also don't have the expense)

o1s1n

Just had half a small christmas bonus taxed away. Not looking forward to my payslip at the end of the month.

jester77

not too bad here, €3 a month

dory

I work for the UN so don't pay tax.

prinz

About €13 per week on the payslip, also still have to factor in the Rent credit which I usually claim at the end of the year.

Cookie_Monster

dory wrote: »

I work for the UN so don't pay tax.

:eek:

Why are you exempt for working for them?

Greyfox

Don't know and wont know till the 25th, don't know how I'm going to surive until then...I think by then I'll be happy just to finally get paid:(

Won't know until the end of the month. That said, a very small christmas bonus was nearly wiped out in tax :rolleyes:

stoneill

€24 per week.

Have to give up the smokes now. :mad:

sbsquarepants

Know how you feel greyfox, got paid Dec 9th, don't get paid again till Jan 27th, needless to say that's a long 7 weeks!! (well it'll be a long 4 weeks, the first 3 were great!)

amacca

Cookie_Monster wrote: »

:eek:

Why are you exempt for working for them?

Wondering the same thing myself....thought it was a joke or below the threshold or something.

If not then I know who I want to be a consultant for!

Elessar

Down €26.50 a week :mad:

But then I wasn't paying tax in the last few months of last year.

Mister men

16 euro a week. Was scraping by trying to pay my way but tbh with the kids it will be easier to go on the dole for the whole family. Will have to consider my options.

Plazaman

€27 per week, Universal Social Charge me hole!

"Makey Uppy Way To Screw You With A Higher Tax To Pay For Fingers Fingleton And His Ilk Sun Golf Holidays Tax" more like it.

THall04

With a cut in mortage interest relief ,plus a cut in take home pay ......down 166 euro per month

gazzer

THall04 wrote: »

With a cut in mortage interest relief ,plus a cut in take home pay ......down 166 euro per month

Im down 140 euro a month on TRS also. My mortgage is fixed until the end of this year so thats something I suppose.

Luxie

Cookie_Monster wrote: »

:eek:

Why are you exempt for working for them?

It's an international organisation. Not answerable to any one country.

homerun_homer

I won't know until the 25th when I'm paid but according to an online thingy that checks it out I will be down €2 a month based on the basic formula. When I tried the advanced formula in which I filled in loads of sprecifics about my pay and gratuities it said I'd be down €7 per month.

This can't be right.

af_thefragile

All of it!

SeaFields

I haven't been paid yet this year - end of the month as well - but it costs an extra €5 to fill the car with the increases in petrol, both tax and garages adding a bit.

Shouldnt be down too much as i earn fcuk all tho. Guessing all the over time i did at Christmas will be nicely taxed. :rolleyes:

FreudianSlippers

Yeah, self-employed so going to get my ass kicked by the new tax increase.

Cookie_Monster

Luxie wrote: »

It's an international organisation. Not answerable to any one country.

As an employee you should still be liable for income tax in the jurisdiction that you work in, the organisation may be exempt (like charities for example) but that should not mean you are personally.

skodacb

could someone tell me as a paye earner, how does the usc charge work as a paye earner, is it based on your gross wage from last year in which case ill be paying the 7% a week of my gross wage or is it done on the scales of €10,036 @ 2% 10,037-€16,016@4% and anything over the €16k mark @7%

Danbo!

8 quid off me scratcher. Will have to have one less pint on a monday and one less on a tuesday now.

Sugar Free

There was a calculator somewhere. I'm still not sure of it's accuracy but if it's correct I'm only down about 2-4E a week.

I really hope it's right!

Edit: http://www.redoaktaxrefunds.ie/budget-calculator-ireland - calculator

Taken from here http://boards.ie/vbulletin/showthread.php?t=2056113137

123balltv

I dont know yet
whatever they take off me I'll just keep cutting back and cutting back :mad:

so more shops,pubs etc closing down

oppenheimer1

Strangely I'm up €4 per week after the changes. Not much consolation after taking a 20% pay cut though...

baldbear

Has the dole been cut from this week?

loobylou

skodacb wrote: »

could someone tell me as a paye earner, how does the usc charge work as a paye earner, is it based on your gross wage from last year in which case ill be paying the 7% a week of my gross wage or is it done on the scales of €10,036 @ 2% 10,037-€16,016@4% and anything over the €16k mark @7%

I've been asking a similar question in work today without getting a satisfactory (to me) answer.
I had assumed that it would be 2% up to 10k income, than would rise to 4% (in a Machiavellian plot at almost exactly the time FF lost the General Election), then to rise to 7% a couple of months later when gross income reached 16k.
However today in work I was told that, in effect, they will gross my pay out over the year, aggregate the charge, then deduct that amount weekly.
So what if I don't work a full year? Do I get a rebate and when? If I were a student who only worked the summer, do I have to wait until next January and then make a claim for my overpayment. Will usc payments appear on a P45 if I change jobs during the year?
How many extra people is it going to take to administer these changes and at what cost?

bardcel

Dear Brian x 2

This morning I woke up hopeful looking forward to a "brave new year" then I checked my wages and immediately slumped into a depression. Not that I am criticizing, after all, when all is said and done, you probably have an answer already laid out for every objection I could possibly raise? How proud you must feel to hold your head held high when you yourself have an answer for life, the universe and "everything". I however, shuffled along to work this morning in my cracked "bargain" boots ashamed to look my fellow man and woman in the eye, finding no answer deep within. Thanks a lot for a job well done. Good on ye.

Yours in felicitations

Hagbard Celine

Island of Fernando Po
Off the West Coast of Africa

P.S. Shoot me now please

(down enuff in my wages to feel the hurt)

Plug

Down a score:(

Sea Sharp

stoneill wrote: »

€24 per week.

Have to give up the smokes now. :mad:

Get yourself a vaporizer:
Click

I have no idea how much I'm down by.

starbelgrade

Haven't really looked into it.

By the sounds of it, I'll have to be a little more inventive with my tax returns this year.

Plumbers

Well I had a nice day today.....

Got my first payslip of the year. I have a weekly tax credit of €6.24 and a standard rate cut off of €344.54. I was taxed at 41% on anything above that! So your question "how much money are you down in the new tax year?"
€106.20! Yes One Hundred & Six Euro & Twenty Cent

I've been told it's a cock up at tax office. It better be :mad:

With reference to USC (based on weekly pay)

1st €193 @ 2% = €3.86
next €115 @ 4% = €4.60
balance of your wage @ 7%

Not So Happy New Year People

artanevilla

I never get taxed cause I don't get paid enough. But today I was taxed 3.30! I feel sick to the stomach.

starbelgrade

artanevilla wrote: »

I never get taxed cause I don't get paid enough. But today I was taxed 3.30! I feel sick to the stomach.

God love you.

InReality

down about 25 a week in pay.
get 500 a week , which is still plenty for me.

rubadub

Whats the story with 53 weeks.


http://www.revenue.ie/en/business/paye/guide/employers-guide-paye-calendars.html

Weekly and monthly income tax calendars

Week no. Week ended
52

---

30 December
53

---

31 December - Where there is a payday

slip today says "period 01, date 31/12/2010" and has the new taxes on it. But should this have been "period 53" with last years rates?

m.kelly

Just checked my payslip for week 1. Down €36. Feckin goverment.

watsdstory22

MediumWell wrote: »

There was a calculator somewhere. I'm still not sure of it's accuracy but if it's correct I'm only down about 2-4E a week.

I really hope it's right!

Edit: http://www.redoaktaxrefunds.ie/budget-calculator-ireland - calculator

Taken from here http://boards.ie/vbulletin/showthread.php?t=2056113137

That calculator surely cant be right??
From that if someone earning €30,000 it says they are now +€2 and for someone earning €22,000 they are down €65 a month????

I'm up a fiver a week according to that calculator

fine by me

galwayrush

Zero, because i don't expect any income this january.

hmmm

artanevilla wrote: »

I never get taxed cause I don't get paid enough. But today I was taxed 3.30! I feel sick to the stomach.

And that's sadly why people on lower wages should get taxed - because it'll give you the incentive to demand better government from those who are taking and spending your money. Bertie Ahern is going to have to survive on 120k a year of taxpayers money - it needs 700 people like you to pay for his pension.

johnnyrotten

artanevilla wrote: »

I never get taxed cause I don't get paid enough. But today I was taxed 3.30! I feel sick to the stomach.

:rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:

Minstrel27

Raped.

Dues Bellator

none of your dam business

lily09

Down 58 a fortnight....thats the health insurance gone im afraid

ibarelycare

Plumbers wrote: »

Well I had a nice day today.....

Got my first payslip of the year. I have a weekly tax credit of €6.24 and a standard rate cut off of €344.54. I was taxed at 41% on anything above that! So your question "how much money are you down in the new tax year?"
€106.20! Yes One Hundred & Six Euro & Twenty Cent

I've been told it's a cock up at tax office. It better be :mad:

With reference to USC (based on weekly pay)

1st €193 @ 2% = €3.86
next €115 @ 4% = €4.60
balance of your wage @ 7%

Not So Happy New Year People

The tax office have made loads of f*ck ups with the new tax credit certificates. I do wages for about 20 clients, so about 70/80 employees, and at least 10% of the tax credit certificates we received were wrong. A lot of people's certs showed that their tax credits and cut off points were zero and when we got them to ring the tax office they told the employees that they'd made a mistake and will re-issue their tax credits.