PAYE Query

Hi,
Got this from revenue.ie re: cut off points:

Married Couple one spouse with Income


Am I right in saying that all income above 44,400 euros is taxed at 41%. The reason I ask is I earn 48,000 euro a year, Married, 1 income, kids, mortgage etc. and I'm paying tax at 20%. I don't want to end up owing the taxman money.
Would I be right in thinking pension contributions are keeping me in the 20% tax band as there not treated as taxable pay? Is the cut off point net or gross pay?

Cheers

grahamo said:

Would I be right in thinking pension contributions are keeping me in the 20% tax band as there not treated as taxable pay?

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This is possible.

Is the cut off point net or gross pay?

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It's based on your Gross Taxable Salary, which includes reductions for pension contributions.

Do your pension contributions bring your Gross Taxable Salary below the 41% threshold?

Satanta said:

This is possible.
It's based on your Gross Taxable Salary, which includes reductions for pension contributions.

Do your pension contributions bring your Gross Taxable Salary below the 41% threshold?

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I pay about 60 euro a week into a pension fund. I'm presuming this is what keeps me in the 20% paye band

Assuming you are solely a PAYE worker, i.e not required to submit a Form 11/ Form 12 on an annual basis the idea of owing the tax man money is extremely unlikely. You'll find that in 90% of cases the taxman (!!!) comes out with the profit. Are you the only person working in the family?