Got a mid year salary bump

PenguinForce

Hi all, sorry to sound ignorant or if I come of being ungrateful that I'm not getting enough money.

I joined my current company over a year ago. I started on €55k then go salary increase to €57,750. Last week my manager notified I getting moved up and increased to €61,215.

We get paid on the 25th of each month and I received my payslip today. After tax I'm now getting €3352p/m instead of €3214p/m. I thought with 3400~ annual increase it would be higher.

Looking back at my previous payslip when I was on €55k I was getting €3037 p/m and increased to €3214p/m when I got my first annual salary increase which I thought was decent.

I assume each person it's different with tax etc. I wasn't expecting some crazy increase but it's the monthly amount I get typical of my current salary?

Snugbugrug28

Wonder if there is a bit of emergency taxing or something going on. You could call revenue and ask them to do a p21 rebalancing and that might correct it all.

Green Mile

This seems correct to me.

Your tax credits are fully utilised already so any increase will be taxed at 52%. (40% PAYE, 8% USC and 4% PRSI).

Jim_Hodge

Are you making pension payments from this? Gross it's less than 300 a month. If you take pension, paye, usc etc out it has an impact.

CramCycle

Looks spot on to me, €3400 a year is €283.33/month, take out your 52% and it is a €136/month increase so very close to it.