Take Home Pay Ireland 2018

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Take Home Pay Ireland  2018

How much is deducted from wages in Ireland – What is the Take Home Pay ?

As well as Income Tax – most workers in Ireland also have PRSI and USC deducted from their pay.
USC is a more recent tax on income –  introduced in 2011 as one of the austerity measures . USC was reduced slightly from Jan 1st 2018 a
See more about USC or Universal Social Charge Here.

PRSI – or “Pay Related Social Insurance ” is another deduction from pay  – it is supposed to be a deduction that goes towards social welfare and pensions.

For private sector employees – the majority of people pay PRSI at 4% . PRSI it is charged on all income – but you are exempt if your earnings are  under €18300 a year.

For a single person over 18 – here are some worked examples showing the gross pay , PRSI and USC deductions and the annual and monthly take home pay.
The minimum wage in Ireland since Jan 1st 2018 for an “experienced” adult worker is €9.55 per hour

On an annual basis – for someone working 39 hours a week on the minimum wage comes to  €19367 – which gives a take home pay of €18,258 a year or  €1522 a month or €351 a week.

Deductions and Take Home Pay for a Single PAYE earner in 2018

Gross
Pay
Income
Tax
PRSI USC Take
Home Pay (annual)
Monthly
Net Pay
13000 0 0 172 13579 1132
16000 0 0 236 15631 1303
19267
(minwage)
573 328 207 18258 1522
25000 1700 1000 475 21825 1819
35000 3790 1400 950 28860 2405
45000 7790 1800 1425 33985 2832
55000 11790 2200 1900 39110 3259

 

Deductions and Take Home Pay for a Couple (With One  PAYE earner) in 2018

Gross
Pay
Income
Tax
PRSI USC Take
Home Pay (annual)
Monthly
Net Pay
15000 0 0 120 14880 1240
19267
(minwage)
0 383 219 19026 1586
25000 50 1000 475 23475 1956
35000 2050 1400 949 30596 2550
45000 4340 1800 1425 37435 3120
55000 8340 2200 1900 42560 3547

More Here about Finding Work in Ireland