How pay after tax works in Ireland
Ireland taxes employment income through PAYE, made up of three separate charges: Income Tax at 20% up to your standard-rate cut-off and 40% above it, the Universal Social Charge (USC) on a rising scale, and Pay Related Social Insurance (PRSI). What makes the Irish system distinctive is that Income Tax is reduced by tax credits rather than by a tax-free band, so your personal and employee credits are subtracted directly from the tax due.
Your standard-rate cut-off and credits depend on your circumstances, which is why two people on the same salary can take home different amounts. The calculator applies the current credits, the USC bands and PRSI so you can see your real net pay for the year, monthly and weekly.
What this calculator works out
- Income Tax at 20% and 40% with your standard-rate cut-off
- Personal and employee (PAYE) tax credits
- Universal Social Charge (USC) bands
- Pay Related Social Insurance (PRSI)