Gross to Net pay question

W

WicklowMentor

Guest
Hi

I have been working in the UK for the last 2 years and am now returning to Ireland to work - I expect to be made a job offer over the next week, but need to work out in advance what my approximate nett salary will be, after tax.

I am married, and my wife works 2 days a week, so we will be assessed separately. We own a home in Ireland (our only mortgaged property - in fact, our only property).

Based upon these circumstances, approximately, what would the Net pay be on gross salaries of €55,000 / €60,000 / €65,000 and €70,000. There will not be a company car with this job, nor any other perks that would mean paying BIK.

I haven't yet sent in my Form 12 as I am still awaiting the job offer. I really need to know the answers to the above question (approximately), as soon as possible.

Many thanks in advance to anyone who can help.
 
Answers

Here are my calculations.
Standard Rate Cut off Point = 28000
Tax Credits (inc PAYE tax credit) = 2560
PRSI class = A

For €55000
Gross Pay: €85117.64
Total Tax: €27029.41
Employee's PRSI: €3088.15

For €60000
Gross Pay: €94085.80
Total Tax: €30796.04
Employee's PRSI: €3289.47

For €65000
Gross Pay: €103000.60
Total Tax: €34540.25
Employee's PRSI: €3460.12

For €70000
Gross Pay: €112012.80
Total Tax: €38325.80
Employee's PRSI: €3688.34

(Calculated using Payback Payroll)
 
Re: Answers

Hmm, you grossed up. He wanted the net figures for gross salaries of the mentioned amounts.

Nice work though!
 
Re: Answers

Yes, I was looking for the gross figures to be calculated to net - not the other way around.
 
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