Budget 2010 Public sector pay cuts
In todays Budget 2010, Brian Lenihan announced Public Sector pay Cuts.
Check out our Budget calculator for details of the pay cuts and how they will affect you.
The Budget calculator will be updated after the budget annoucement this evening.
The pay cuts as apply to most Public Sector employees are as follows:
For salaries of Great than €125,ooo, [...]
Budget 2010 & Childcare Supplement
A lot of the focus in the upcoming budget will focus on Child Benefit, your childcare supplement payments will be affected in 2010.
While the Childcare supplement will not form part of the Budget 2010 proposals, it is worth remembering that from January you will not be receiving Childcare supplements previously existing for children under 6.
The [...]
Health Levy & Reducing it’s impact on your Salary
A few weeks ago we spoke about how fundamentals errors in the implementation of the Health Levy could result in a €1,000 gross pay rise could result in less money in your pocket after tax. We hope the government clears up the impact of this in the forthcoming budget. There are ways of decreasing the [...]
How a pay rise can leave you worse off
You can be up to €1,040 worse off for increase in salary in Health Levy fiasco.
Tax system means a €1,000 pay rise can leave you €290 worse off depending on how much you earn.
Lets see this in action and compare your take home pay from earning €25,000 versus €26,000.
So unbelievably a €1,000 payrise will leave [...]
Equitable but not Neutral
Just some quick thoughts on the Commission on Taxation and Stamp Duty.
One of the main thrusts of the commission on taxation is that its purpose was not to increase the tax burden, but rather to distribute it more fairly.
However at the time the commission was put together, Stamp Duty produced a huge portion of the [...]
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Welcome to the Red Oak Tax Refund Blog, where we will discuss money matters, tax and in particular tax refunds relating to PAYE employment in Ireland. If you have any topics you would like discussed, send us a mail to refunds@redoaktaxrefunds.ie and happy reading!.
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