Tax and Teaching Pay

Dickie10

Hi all, just a quick question on the amount of tax i am having to pay. just looking at a docket here from late january , fortnights pay gross 1729 and paid 951 in taxes of some sort or another between pensions etc. Finding it very tiresome to see so much deducted every fortnight. anyone any ideas on how to avoid paying so much? im not on emergency tax or anything just farming part time at home as well. Wouldnt be worth my while getting a permanant job at this rate, im only Sub/part time work on the docket, so its just part time contract. would i be crucified by tax on a 22 hr CID contract? Surely wouldnt be worth the hassle to commute any further than 30 mins either to be hit with that tax? any experiences on this ?

Geuze

1729 per fortnight

44,954 per year

Assuming you are single, the direct income tax is

Tax = 7222, that is 16% income tax

USC = 1,310

PRSI = 1,798, a straight 4%

Total = 10,330, that is 23% direct taxes

NB: this disregards any pension conts

The direct tax pfn = 397

From the 44,954 gross, the net figure will be 34,624

Each fortnight, the 1,729 gross will be 1,331 net

https://download.pwc.com/ie/budget-2022/income-tax-results.html?status=1&parentstatus=0&ageattained=30&prsicategory=1&grossincome=on&grosssalary=44954&pensionfund=on&tradeincome=on&welfarepension=on&investmentincome=0&salary3=0&remoteworking=on&remoteworkingspouse=on&covehicle=on&healthinsure=on&clubbiksel=0&otherbiksel=0&employerloan=on&submit=Calculate+my+tax

Geuze

On 1,729 pfn / 44,954 pa, the direct tax is 397 per f/n

Yet you quote deductions of 951.

You are paying 6.5% superannuation, as well as the PRD/ASC.

However, you must have other deductions, as the gap between 397 and 951 is very wide.

Have you checked your tax credits?

Dickie10

Very sorry there you lost me on a few things there, should i bring my fortnightly dockets to my accountant and get him to look at them or could i stick one up here with personal details blocked and see if anyone can have a look? im single also no dependent kids so probably low tax threshold

Geuze

First of all, check are your tax credits correct.

Simply list the values of the two tax credits here.

They should be 1700 and 1700 in the year 2022.

So the annual tax credits should be at least 3,400.

Also check the SRCOP.