Tax and PRSI Summary 2009 after April Budget

Tax Credits - not changed in April Budget

Employee Tax Credit €1,830

Personal Credits
Single person: €1,830
Married person: €3,660
Additional one-parent family credit: € 1,830



New Standard Rate Bands - not changed in April Budget
(2008 figures in brackets)

Single € 36,400 (€35,400)

Married One Income €45,400 (€44,400)

Married Two Incomes €72,800 (€70,800)

Lone Parent/Widowed Parent € 40,400 (39,400) - must have dependent children

Income above this level is taxed at 41%

PRSI Thresholds from 1 May
(See this thread for a full explanation of how PRSI works)

Health Levy threshold: €500 per week
or €26,000 per year

PRSI ceiling €75,036 - Health Levy only after this.

Health Levy – from 1 May
The health levy rates will double to 4% and 5%. The entry point to the higher rate will be €75,036.
PRSI – from 1 May or from 1 January?
The PRSI ceiling will be increased from €52,000 to €75,036.

This was changed in the April budget. But is it to take effect from the start of the year?



Income Levy

2% on first € 75,036
4% on next €99,944
6% on balance

Exempt if income is under €15,028

See Towger's Income Levy FAQ

Note: The increase of the PRSI Ceiling from 52,000 to 75,036 appears to be backdated to the 1st of January.

Edit: It has been backdated. 'Employees' who have already exceeded 52,000 will have to pay PRSI on the difference between the two ceilings from May onwards.