Is all DIRT at 20%? Over 65 years is DIRT less?

[BobMax]

Is all D.I.R.T. at 20%??
If you pay D.I.R.T. is there any other Tax to be paid??
Over 65 years is D.I.R.T. Less??
BobMax

 

[Squonk]

DIRT is still 20% for over 65s. The only difference is that you may be able to get a refund from Revenue if you are below a certain income threshold.

 

[BobMax]

I asked was All D.I.R.T @20%???
Anglo Irish bank state they deduct D.I.R.T. @23%

 

[aviaro]

BobMax - AFAIK and as Squonk stated all dirt is at 20%. It is paid on deposit interest and is the only income tax you pay on that interest even though you may have a marginal rate of 42%. However deposit interest income has to be included in your tax returns for the purpose of assessing PRSI. What Anglo are stating appears to be exit tax. Exit tax is not recoverable for over 65's with income of less than eur17,000 whereas dirt is reclaimable. This difference in the treatment of dirt and exit tax should be consider when making any investment decision.

 

[justsally]

Institutions deduct 23% tax on S.S.I.As. This however, is exit tax, not to be confused with D.I.R.T. tax.

Cheers