Can someone clear up this for me.
My uncle recently moved to Ireland from the UK. House was sold in UK and money is sitting in a bank account in UK, earning interest. Unlce receives a UK pension, works out about €130 p/w. He will start to work part time in Ireland over the coming weeks, earning about €250 per week.
I understand that tax has to be paid on the total of his weekly wage and pension (total €380 p/w), less tax credits.
What I looking into is the interest earned from the UK bank. 20 % dirt is paid in the uk. Is this his total liability or does this interest have to be taxed again like an added income in this country.