Tax Rate for First Time Working, Student Internship

dilzerjsl

Hi everybody,

I'll be commencing work placement as part of my college course soon and I'm having trouble predicting my tax rate. I have no prior experience with the tax system as I haven't previously held employment. Could anyone shed some light on this? If there are more details required just ask and I'll provide them.

Thanks in advance for any help you can provide.

Geuze

In Ireland in 2015 you can earn up to 16,500 before you pay income tax.

dilzerjsl

I'll be working only 6 months and so I won't make that amount in that time period. However, were I working a full year, I would surpass that amount. Would I be taxed based on predictions for a full year or would I not be taxed at all?

Geuze

Note that I am not talkng about PRSI or USC, only income tax.

It's cumulative, so if you earn more than 16500/12 in a month, then you will pay tax.

If you then earn less than 16,500 / 12 in another month, you'll get some tax back through payroll.


If you earn, say, 15k over 6 month, then you will pay tax, yes.

namenotavailablE

You can also check the tax calculation thread for various calculator websites or my spreadsheet downloadable from my signature.

dilzerjsl

Thank you both

allthedoyles

You should also register for paye-anytime at www.revenue.ie and then you can see/manage your tax credits / tax rates , and lots more .

If you have medical card , inform employer / revenue , and you pay reduced rate USC .