Take Home Pay Ireland 2020

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 2020.
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 from February 1st 2020 is increased to €10.10 per hour

On an annual basis – for someone working 39 hours a week on the minimum wage comes to  €20483 – which gives a take-home pay of €18,889 h or €363 a week.

Deductions and Take-Home Pay for a Single PAYE earner in 2020

Gross
Pay
Income
Tax
PRSI USC Take
Home Pay (annual)
Monthly
Net Pay
13000 0 0 0 13000 1083
16000 0 0 140 15860 1322
20483
(minwage)
797 558 229 18898 1575
25000 1700 1000 433 21867 1822
35000 3700 1400 913 29017 2418
45000 7640 1800 1333 34197 2852
55000 11640 2200 1783 39347 3279

Deductions and Take-Home Pay for a Couple (With One  PAYE earner) in 2020

Gross
Pay
Income
Tax
PRSI USC Take
Home Pay (annual)
Monthly
Net Pay
15000 0 0 120 14880 1240
20483
(minwage)
0 558 229 19696 1641
25000 50 1000 433 23487 1960
35000 2050 1400 883 30647 2553
45000 4190 1800 1333 37647 3138
55000 8190 2200 1783 42797 3569

More Here about Finding Work in Ireland