Income protection tax credit

Your plan is 1295.95 I guess

There is no 1000 limit like other mentioned. That is incorrect

The relief is given in 2 parts

Your standard rate cut off point is Increased by the total amount of the plan eg 1295

And also 20% of that is given back as a credit

Therefore if you earn over 44k you will get 40% back over the year or 20% if you earn less than 44k
 
My pay is reduced by €20 this time (salary is paid fortnightly). I believe it's due to not having the income protection tax credit. I will check again after 2 weeks.
 
So that's why I am seeing €259 tax credit right now.
Would it automatically go to €518 (40%) once I cross 44k this year (perhaps in June 2025)?

Please note Personal Tax Credit (shared) was €4000 before and after applying the income continuance tax credit. I took a screenshot before and after.
 
If your standard rate cut off is 44000 then it goes to 40% if you earn above 3.6k gross a month (or break down by week if weekly paid)

If it's 53k you have then it goes to 40% after you earn 4.4k gross a month ( or break down by week if weekly paid)
 
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