Tax query

[mihaela]

Hi all,

I seem to pay more tax in 2025 and my circustances haven't changed.
Any idea why the difference? Thank you!

 

[Protocol]

Have you checked your tax credits and SRCOP?

 

[mihaela]

I don't really understand the tax system. I rang revenue and they said it's been taxed at the correct rate. I just dont see why such jump.

 

[Towger]

Monthly employees pay more than weekly due to rounding and an.extra week 53 of allowances etc. The rounding is cents, but Week 53 is worth a few bob.

However, we have no way of answering your questions with out knowing the tax allowance and all the other figures.

 

[mihaela]

Thank you

 

[jpd]

Your monthly net pay looks correct

Your previous pay was 1,660 gross per week = 86,320 per year
Your monthly pay in January was 10,900 = even if you deduct the extra 8 days, that's nearly 99,000 per year so a lot more

I would expect someone earning that level of salary to understand the tax system

Income tax

Earnings​	Rate​	Tax Amount​
earnings up to Std Rate Tax cutoff 4,000​	20%​	800​
Balance at higher Rate 6,900​	40%​	2,760​
Total earnings and tax 10,900​	​	3,069​
PRSI	Class A1​
Total earnings 10,900​	4.1%​	447​
USC
First 1,001​	0.5%​	5​
Next 1,280​	2.0%​	26​
Next 3,555​	3.0%​	107​
Balance 5,064​	8.0%​	543​
Total Earnings & USC 10,900​	​	543​
Total deductions	​	4,059​

 

[ClubMan]

Have you checked your tax credits and SRCOP?

And bear in mind that some credits that you had last year may not roll over into this tax year and may be to be claimed again manually.

You should be able to sanity check your 2024/2025 tax/deductions here:

Budget 2025 – TaxCalc.ie

Budget 2024 – TaxCalc.ie

 

[mihaela]

Thank you for your time guys