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Deductions working for SEC

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  • 11-03-2017 9:26am
    #1
    Millem
    Registered Users Posts: 7,729 ✭✭✭


    Hi All

    Does anyone know what is the total percentage (or roughly) of gross pay are deductions? I always used 62% as a guideline but I think there have been a few reductions in levies etc. Thanks

    I work full time, pay higher tax rate and don't give any tax credits to SEC.


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    #2
    rainbowtrout
    Registered Users Posts: 15,382 ✭✭✭✭rainbowtrout


    I think that's a hard one to answer because some people allocate tax credits to the SEC and some don't. Don't know about anyone else, but I don't look at the breakdown of tax, all I know is I'm paying lots, expenses aren't taxed, and given that there is an advance is July, I have a fair idea what I will get into my hand in total after deductions between the July advance and the final payment in October, but I never bother to work out exact percentages. It would be too depressing.


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    #3
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    I do a few bits and pieces for them. Just trying to figure out superintending pay tbh. I know my prd is 10.5% of gross, then from taxable gross (after prd) paye 40%, USC 5%??, prsi 4%??
    Unsure about USC and prsi rate!


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    #4
    Crazyteacher
    Closed Accounts Posts: 1,438 ✭✭✭Crazyteacher


    Might be simpler to ask the SEC or Revenue to explain it to you. Both have been very helpful when i've had queries:)


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    #5
    Chilli Con Kearney
    Registered Users Posts: 301 ✭✭Chilli Con Kearney


    Am I right in saying that the PRD does not got towards my pension and in fact is just another deduction?


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    #6
    deiseindublin
    Registered Users Posts: 2,263 ✭✭✭deiseindublin


    Chilli Con Kearney wrote: »
    Am I right in saying that the PRD does not got towards my pension and in fact is just another deduction?
    yes, just an additional public pay tax.


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