Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

TRS going down

Options
  • 08-01-2014 9:26pm
    #1
    transam
    Registered Users Posts: 94 ✭✭


    just got a letter from PTSB saying that due to a change in trs at source the mortgage is going up by nearly 20quid , I thought that its staying at 30%until 2017 ?


Comments

  • Options
    #2
    wench
    Registered Users Posts: 1,644 ✭✭✭wench


    It does, but it is 30% of a smaller amount.
    The threshold is 10,000 per person for the first 7 years, but drops to 3,000 after that.


  • Options
    #3
    dobsdave
    Closed Accounts Posts: 1,814 ✭✭✭dobsdave


    The amount of interest you pay goes down every year, so the amount of tax relief on that interest also goes down.


  • Options
    #4
    transam
    Registered Users Posts: 94 ✭✭transam


    ok , thx


Advertisement