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 |