Self Employed PUP

faolteam

Registered User
Messages
189
Can someone tell me when pup came out first everyone got €350, then they came out with a rule you had to have over €10,000 Net Pay,

then they said you had to have over €300 net to get €300,

Now there saying the payment is restored , to €350 a Week who had prior earnings ofover €400 a week or above, if u earning - €300 - €400 your payment becomes €300, earning between €200-€300 u get €250 etc, well this is were im confused is this money you must earn as Gross or is Nett pay help me out here please
 
Any payment such as PUP should be treated as Gross income, and is taxable however if for example someone was earning €500 pw before they went on pup and are now getting €300 they will obviously pay less income tax.
That would lessen the €200 difference, additionally you should write down all income for the year, actual earnings and pup and see what you're annual tax liability is , deduct any taxes paid, and the difference is your liability/ rebate whatever pops out.
 
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