4-Day Week. Pay Calculator ?

[Pique318]

Hi

Can anyone point me in the direction of a calculator to determine how pay would be affected by moving from a 5-day week to a 4-day week ?

Do Tax Credits remain the same (PAYE) ?

Thanks.

 

[PolkaDot]

Tax Credits remain the same. Your net tax should reduce.

For example, say your weekly gross wage is €500. This will reduce to €400 if you switch to a 4 day week.

Your net tax will be = (€400 x 20%) - Tax Credit (which does not change).

Obviously you still have to deduct your PRSI and USC, but these will also reduce.