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 [...]
Maintenance Payments –How it affects your Income levy and PRSI
Firstly, how maintenance payment is treated for Income Levy depends on whether you have voluntarily agreed to pay maintenance or if there is a legally enforceable agreement
Are you paying the Income Levy when you should be Exempt?
The Income Levy was introduced for 2009 and within 4 months was doubled for most people in the April 2009 Budget. But should you be paying Income levy?
It’s worth checking if you are exempt from the income levy. You are exempt from the income levy if:
Your income for a year does not exceed €15,028 p.a.
You [...]
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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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