Im paying crazy tax every month on my wages

You could marry a stay-at-home partner or work fewer hours! Or both.

Welcome to Ireland. Maximise your pension contributions.

Good. My Ozempic and PrEP drugs don't pay for themselves. Also, I need a new washing machine.

It's because you're earning a crazy high salary.

high earners pay a lot of tax.

Being married doesn’t change that. There isn’t an automatic tax saving by being married. That only happens where one earns less (or indeed zero ) and you allocate the lowers bands and TFA across the two of you.

AVCs so you can retire early are your best bet

You could get married but you might find that spouses can be expensive too 😉

your earnings must vary a lot.

you can pay less by earning less but it’s worth checking that it’s calculated correctly

https://www.revenue.ie/en/jobs-and-pensions/calculating-your-income-tax/tax-rate-band.aspx

Subscribing to this thread after this comment.

👀

Would love for them to do this, but it's hard to upload imaginary payslips.

No one is paying the disparity each month in tax.

which is very possible

No one will be able to assist you in any real manner without more information. Namely what is your gross salary? Do your earnings keep fluctuating? Did you recently start the job? Have you other sources of income? Have you reviewed your latest tax credit certificate to see how your tax credits and rate band are allocated?

I'm assuming at the deduction levels you are talking about, you are on nearly €100k annually assuming your tax credits and rate band are allocated correctly.

If you have an accountant then they should be able to advise on your circumstances and needs. I only know about PAYE ... and with that myaccount (revenue online) let's me check I'm getting all my deductions I can. Citizens Advise has a load of help here too, a more friendly version of revenue docs.

Factfinding and verifying online is essential these days. 2 minutes to click on a profile and look at titles of previous threads gives big insight into a posters plausibility.

The flip side of that is perks that sometimes come with employment (i.e. employer contributions to salary - I've had as little as 3% to as much as 16%) and insecurity of working as a contractor. I found it was easier to find things to write off (eg monthly or 10 journey tickets for transport rather than having to tie in for the entire year) as a contractor. But in the end I ended up paying as much tax because I was earning about 30-40% more anyway.

Go with AVCs or lump sum into pension, it will reduce your tax liability and you pay less tax once you're over 65.

If the OP is self employed, why are they paying tax every month?

An awful lot doesn't add up.

Get a PRSA.

As a contractor the tax you pay is about a third of your income. That is a fact of life unfortunately.

Coming on here and saying "I pay crazy tax" is a bit of a humble brag.

If you console yourself with the fact you will always pay about a third of your income in tax, you get over it quicker.

Exactly. I do my taxes once a year, summing up all the income and deducing all the expenses as needed. The OP may be saying that if the taxes were paid monthly, then the amounts would vary?

He's paying a crazy amount of tax because he's earning a crazy amount of money.

In the great scheme of things, he is paying the equivalent tax as someone earning half of what he is. It's all relevant.

Unfortunately we all have to pay tax. Earn more, pay more.

loads of people pay that disparity in tax, mainly commission based, especially in companies where commission is paid bi monthly.

You don't spent much time around here do you? There's more bullshit here than on a farm. You said you have an accountant so what does asking a bunch of strangers online tell you that the accountant cant?