Take Home Pay Ireland 2017

Take Home Pay Ireland 2017

Take Home Pay Ireland  2017

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 2017 and it will fall again in Jan 2018.
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 2017 for an “experienced” adult worker is €9.25 per hour

On an annual basis – for someone working 39 hours a week on the minimum wage comes to  €18759 – which gives a take home pay of €17,876 a year or  €1490 a month or €344 a week.

Deductions and Take Home Pay for a Single PAYE earner in 2017

Gross
Pay
Income
Tax
PRSI USC Take
Home Pay (annual)
Monthly
Net Pay
13751 0 0 172 13579 1132
15867 0 0 236 15631 1303
18759
(minwage)
452 202 229 17876 1490
20000 700 459 290 18551 1545
25000 1700 1000 540 21760 1813
35000 3940 1400 1040 28620 2385
45000 7940 1800 1540 33720 2810
55000 11940 2200 2040 38820 3235

 

Deductions and Take Home Pay for a Couple (With One  PAYE earner) in 2017

Gross
Pay
Income
Tax
PRSI USC Take
Home Pay (annual)
Monthly
Net Pay
14153 0 0 114 14039 1170
18759
(minwage)
0 202 229 18328 1527
20000 0 459 290 19251 1604
25000 50 1000 540 23410 1951
35000 2050 1400 1040 30510 2542
45000 4490 1800 1540 37170 3097
55000 8490 2200 2040 42270 3522

More Here about Finding Work in Ireland