I earn E92,390 a year, I get paid every fortnight a nett payment of E2,400.36
Gross pay E3,541.20
The breakdown at each payslip is
USC E130.63
PAYE E597.37
PRSI E148.73
Lump Sum Pension E106.24
Personal Pension E82.04
Asc E75.83
Total Deductions E1,140.84
I'm married, wife does not work.
Is there anyway I can reduce the deductions or is that just the reality of it.
Many thanks
Hi all, I recently recieved an inheritance of about ~30k. I'm currently 24 years old, making ~41k gross. Currently have about 4.5k invested, No large debts. My current plan is to:
Does this seem reasonable? Am I forgetting anything? I had thought about prepping for a mortgage down payment but I have plans to emigrate for a few years. Could be worth setting aside some money for when I move.
Looking for some advice.
My current Avant Money mortgage is 3.8% and fixed until February 2027, but they've confirmed I can switch now with no break fee.
Besr rates I've been offered:
4-year fixed at 3.4%
One Mortgage (30-year fixed) at 3.4%
Current repayment is €1,337.23. New rate options added
Which would you choose ? Is the One Mortgage worth it for the long-term security, or is the 4-year fixed the better option in case rates fall further?
Hi everyone,
I recently started a new job start of June and my first monthly pay was due on 7 July. I was heavily taxed.
My payslip was dated 30 June, and Revenue issued an amended Tax Credit Certificate on 1 July, so I believe the payroll had already been processed before the update came through.
I was paid and around 43% of my income was deducted as income tax, which left me with significantly less take-home pay than expected.
I contacted payroll, and they said they cannot rectify the payment at this stage, but that I could request an advance of salary from my manager.
Has anyone had experience with this? Do companies usually approve salary advances for situations like this, where it is a PAYE timing issue rather than an employee error?
I understand the tax should correct itself through payroll eventually, but I’m wondering how realistic it is to get an advance to bridge the gap until then or if this is likely to reflect badly on me.
Thanks!
Hey everyone,
I graduated a year ago and have started saving. I have roughly 5k in my Credit Union for a rainy day which I have stopped putting money into as I think that should be enough to cover an emergency (not sure if this is where I should have put it)? I then have roughly another 7k invested in ETFs.
I work as an actuary (not qualified yet) and my pension is already maxed out so I am not too sure where to be putting my money and making efficient use of it until I eventually buy a house? Should I move my money out of the credit union to somewhere more efficient or vice versa?
A little guidance would be very appreciated!
(I asked the accountant and the financial advisor this and the FA's number was 5 times higher so I think one of them misunderstood the question.
When I Google it or search on reddit I keep getting the maximum amount I can contribute at my age, that is not what I want. )
I want to know, considering my low earnings, how much do I put in before I stop getting tax relief on it. I know what the tax relief is in theory but that doesn't count if you're not making enough money to pay that much tax.
What's the formula for that?
No genAI answers please but thank you!
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Edit: I don't have maths so I' m probably missing something that seems really obvious:
I know what the tax bands are, I'm asking a different question. For example, if I earn so little that I only pay 100 euro a year in tax, paying the maximum possible into my pension is going to mean I'm not getting much of a tax refund, right? I don't mean in terms of how high the number is I mean can I get the same refund by contributing less? I.e. is most of what I pay is over what would benefit me tax wise, if I pay the max contribution
Or are you saying the maximum possible becomes 100 euro? And no formula is necessary?
Edit: Devrol understood and answered the question:
"Look at your PAYE figure. Divide that by 20%. That's your number. Express it as a percentage of your gross and make sure it's less than 15%"
Edit: individual Ad also has a helpful answer:
You can calculate it yourself, although up to 44k income tax is 20% we know that a single person with full tax credit won't pay any income tax up to 20k salary, so if you earn 20k the answer is 0. If you earn 23k and you are under 30 you can officially put 3,450e but you already know you only pay tax in 3k, so if you are worried about tax only your limit is 3k. You can ask IA to try to create a formula for you if that is what you are looking for, it depend on the tax credits you have available
Upvote them please 💙
So final answer:
Everything over 20k is taxable
Total income minus 20k is what you're taxable on (unless you're making over 40k and I'm not). Let's call this a
x% of the total is the max contribution, let's call that y (x=the percentage set by the government for your age), but you likely won't be contributing that because you're not getting taxed on your total
So your contribution is less than or equal to y. This is the redundant figure that keeps getting upvoted in the comments while the helpful answers get dow voted.
So, as a person with no employer matching, your contribution should be a as long as a is less than or equal to y.
Am I right?
Wondering what’s the best thing to focus on over the next 12 months!
Married couple, both 31 earning a combined income of about €6100 per month - both contributing into pension
Mortgage - €1340 ( this includes LTP and Home insurance)
Bills - We budget €350 per month but this fluctuates
Phones / Subs ect - €280
Loans - €16500 (2 cars totaling €810 per month)
Couch on 0% - €75 per month
Savings - €10,500 , we just got married in May and paid 30k cash for our wedding hence savings being lower …we put approx €200 into this a month
Hobbies - €400 per month
Petrol - €450 total but should reduce next month and WFH 2 days a week starts
“Fun Money” - this fluctuates but we give ourselves about €800 per month (€400 each)
Car tax / maintenance - €200
Food - €300 per month (we are strict enough with this)
The rest (about €1400) up until this month went to wedding savings and now it’ll be split between honeymoon and maybe loan payments??
Thought?
Hello,
I’m a 29F stuck in a bit of a dilemma. I’m currently working in the pharma industry in a QC role with a salary of around €49,900, health insurance that company pays for, the company matches my pensions contributions (I pay 5%, they pay 10%), I can’t WFH and I’ve done 3 interviews to progress to different roles within the company and I haven’t moved. When I asked for feedback it’s the usual “I don’t have much/any feedback, you interviewed very well it’s just the competition is quite high (current hiring freeze) etc.” My rent is split with my partner (€800 p/m), I have a car loan for €240 p/m and I don’t have any kids. I get paid monthly.
I’ve been offered a role in the Public Sector but the starting salary is around €39,900, i get to work from from 2/3 days a week and it’s in something that I find quite interesting. I also get paid fortnightly. My long term plan is to work in the environmental field if possible.
My question is, am I mad in this climate to consider a 10K decrease in salary? The way the tax works I’m thinking that it won’t be too much in the difference in my take home salary. Or am I better off staying where I’m at and getting a mortgage first then moving to the public/civil service? I’ve also heard the pension isn’t as great as it used to be but I’m also sick of corporate nonsense and need a change for better work/life balance.
Thank you all!
Hello , I dont know if it has been asked before , can someone guide me towards getting yearly tax back? I’m not really tech savy so if anyone can do me a step by step guide from logging into revenue to getting the money into my account that will be much appreciated. Or link me a similar post.
Hi, so I’m buying a house, I’m almost at the final stages, and bank of ireland requested me this document (deed of confirmation) in the completion documents needed.
Note: I am italian, 2 years ago my father who lives in italy gifted me a sum that exceeds 35k€.
The bank requested few documents, including this gift letter which I already provided them with, and deed of confirmation.
Does that mean that my father needs to come to Ireland to sign something? What do I have to do not have problems and speed up the drawdown process? On the gift letter my father already ticked the box saying he did not take legal advice from any solicitor and he’s aware of the process, but apparently this "deed of confirmation" is needed too. Is it something my solicitor needs to physically post to italy or it can be done digitally?
Thanks everyone.
Long story short, my credit score is basically zero. I didnt pay my credit card debt during covid years. But i repaid my personal loan in full, i thought credit card debt will auto-consolidate into personal loan, apparently it didnt and it got sold off to 3rd party debt collector. So my credit score report is suck.
Now, im married and tryna buy an apartment.
Applied BOI, but they immediately say only joint mortgage application is allowed. Havent try other banks, so i try asking here first.
My partner and i have combined savings of ~€60k, i think this is enough for a downpayment.
And our combined salary is €170k yearly.
So which banks can definitely do single spouse mortgage?
Edit:
My salary is €95k
My spouse is €75k
I need some help understanding how much I've fucked my Credit Rating. I will be moving back home with the Parents in 3 weeks. I having paying €1200 rent in Dub City Centre and will going to just paying €150 per month with my parents in rural Kildare. I moved my Main Banking to Revolut in January as it was easier for budgeting with the pockets and other benefits.
I got rejected when I applied for a €5,000 car loan from Bank of Ireland and a €1,000 Credit Card from Revolut in April and and I recently got rejected for a €10,000 car loan from Revolut as I found the perfect car. I requested a credit report last week and realised I had an outstanding €500 overdraft with Bank of Ireland since November 2025. I have ADHD and when I moved to getting my Wage in Revolut I simply forgot.
When I pay off my Overdraft how long would I need to wait before I can apply for a car loan?
My only options now would be getting the bus into work which would take me 2½ to 3 hours or use my brother's car once every 2 weeks when he's work from home.
I am in full time employment and currently earn €30k base and around €45k a year after commission. After I pay off the overdraft, I'll only have €750 in savings.
I know I'm an idiot but any help would be appreciated.
Imagine a country that has built one of the world's most successful investment products and exports it across the globe, yet effectively discourages its own citizens from using it. Stranger still, imagine that the policy has cost the exchequer billions in foregone tax revenue over the past two decades.
Welcome to Ireland, home of the deemed disposal rule.
Last week, my UK-born twin boys graduated from primary school and afterwards my parents and sister joined us for some lunch. The conversation bounced along and eventually, I steered us onto my favourite soapbox - financial literacy, or rather the lack of it in Ireland.
I come from a family of civil servants, so nobody at our table was discussing pensions or tax shelters. We were talking about something far more fundamental - how ordinary people can make their savings work harder and get ahead.
My sister, a teacher, was genuinely surprised when I explained that €10,000 left in a bank account earning 2 per cent interest would take roughly 36 years to double.
Invested instead in a diversified global equity portfolio returning 9 per cent annually, the same money could grow to approximately €240,000 in a similar time frame, before fees and tax.
The lesson was simple: time and compounding matter. For a country as prosperous as Ireland, we remain remarkably poor at helping citizens understand this. I work in the investment industry, building exchange-traded funds (ETFs) for ordinary savers. These are simple, transparent and low-cost investment vehicles that give investors access to markets such as the S&P 500, FTSE All-World, European equities or diversified technology companies, often at the click of a button.
Ireland is exceptionally good at producing them. We have become one of the world's leading ETF domiciles, exporting almost €2 trillion worth of funds that are administered and serviced by thousands of people across the country.
Yet when my own sister asks what she should invest in, I find myself advising her not to buy the very products Ireland has become world-famous for creating.
The reasons are straightforward.
First, there’s deemed disposal. Investing succeeds because money is left untouched to compound over long periods.
Ireland's deemed disposal regime interrupts that process by taxing unrealised ETF gains every eight years. Originally introduced as an anti-avoidance measure (against aggressive structuring to indefinitely delay tax), it has instead become an anti-investment measure. It weakens long-term returns for savers while ultimately reducing the pool of wealth from which future tax revenues could be collected. Second, there’s the issue of complexity. Someone investing €100 each month must separately calculate the tax liability for every monthly purchase after eight years. By the time that first tax bill arrives, they may be calculating gains across almost 100 separate transactions.
The opportunity cost is enormous. Had every saver in the Special Savings Incentive Account (SSIA) scheme continued investing just €100 per month into the S&P 500 since the SSIAs ended in 2007, that collective investment would today be worth well over €100 billion. That represents wealth Irish households never accumulated, and tax revenues the state never collected.
Third, the tax rate itself. Even after last year's reduction from 41 per cent to 38 per cent, many potential investors simply conclude that "the tax man gets it all anyway".
There is reason for optimism. The proposed personal investment account, modelled broadly on the UK's ISA system, represents a welcome step forward.
But if Ireland is serious about building a nation of investors rather than merely a nation of savers, three pillars are required: a strong pensions system, a simple state-supported investment account, and a clear, consistent framework for investing outside those structures.
We already have the first, and we are on the verge of delivering the second. It would be a profound mistake if we failed to fix the third. Many of our neighbours, friends and relatives in Northern Ireland, already enjoy that clarity. In the UK, investment outside tax wrappers is taxed under a straightforward capital gains regime.
Ireland, by contrast, continues to undermine every ambition of fostering broader retail investment while deemed disposal remains in place.
Before someone jumps up and shouts “tax breaks for the wealthy”, encouraging ordinary workers to invest their after-tax income into productive assets that generate future taxable gains is a far healthier outcome than making payments to car leasing companies or flying to the sun.
Sustained and successful investing generates tax on investment returns allowing the state to benefit alongside the investor, which brings me back to my sons.
When they were two years, old planning permission was granted for the National Children’s Hospital. This year they turn 13, and the hospital’s doors are still not open. They left London at the age of four, losing access to the Junior ISA that would have helped them build long-term savings from childhood. Too often Ireland knows what needs to be done but postpones doing it. We commission reports, announce multi-year strategies and launch reports. We continually mistake planning for delivery, and announcements for action.
Simon Harris, the Tánaiste and finance minister, and Robert Troy, minister of state at the Department of Finance, have brought a new kind of energy to questioning that status quo.
As they finalise the new personal investment account scheme, they have an opportunity to complete the job by abolishing deemed disposal for retail investors.
In the year of the EU presidency, with its focus on simplicity and reducing regulatory burden, leaving deemed disposal untouched would send precisely the wrong message.
If we genuinely want a financially literate Ireland that rewards long-term saving and investment, reform cannot be left to another multi-year programme.
Adrian Mulryan is chief executive of Invesco Investment Management
Hii, so my AIB personal loan of 5k over 36 months got rejected. I am a student and work part-time. My weekly payslip is 280 and another 20-30€ on tips.
I needed this money to purchase a car as I have recently completed my Masters and am shifting to work full-time. I have all the required payslips and yet my loan application was rejected.
Can someone please guide me through, and advice me on how I can get my application approved. Thank you
Evaluating a Career Move to Dublin
I am currently reviewing an offer for a finance role in Dublin that comes with a substantial salary increase compared to my current position in Sweden. However, my current housing situation in Gothenburg is exceptionally advantageous; I hold a prime first-hand contract for a top-floor, two-bedroom apartment for just €700 a month.
To mitigate the high cost of moving to Ireland, my plan is to relocate with a friend and split a two-bedroom apartment. Since the company is located in the Dublin Docklands, our strong preference is to live within walking distance of the office.
A preliminary online search shows two-bedroom listings in that area ranging from €2,200 to €3,000 per month. Is this price bracket truly what we should expect, or is it realistic to find a decent two-bedroom apartment under €2,000 relatively close to the Docklands if we dig deep enough?
Hi all,
I’ve been offered a role at an aircraft leasing firm in Dublin as a graduate from the UK - the total comp is around €60k.
I’m currently working as a graduate banking analyst in London, living at home with a total comp of around £75k - I’m incredibly grateful to have been at home to save and invest almost £50k with which I can make the move to Dublin.
I know on paper I should be staying in London at this job and continuing with the graduate program I’m on at the minute, but aviation/aircraft leasing is something which is genuinely more interesting for me, aligns with my background and from what I know, the salary will increase significantly post the grad program.
I just want to sense check if making this move is realistic given the current rental situation or if I should just stick it out at my current firm - really appreciate any thoughts or advice on this!
Let’s say I have 20k euro of stock that is in USD (U.S stock market) on trading212.
Let’s say I’m only up 20 euro in terms of stock appreciation, but trading212 shows +500 euro FX impact.
When I sell, I will make 520 euro profit.
For capital gains tax at 33%, does it count for the 20 euro stock price gain or the 520 total gain (stock price gain + FX impact)? I.e is it 33%x20 or 33%x520?
Follow up question; if it is the latter, hypothetically if it was -500 FX impact, could you write off the “losses” of CGT that includes FX impact losses then too and carry it to the next year?
Hi everyone,
I bought a 50 sq.m 1-bed apartment in Dublin. The kitchen and living room are open-plan.
I want to turn the living room into my bedroom using a Murphy Bed + Sofa combo and a sliding glass door to block kitchen fumes. No walls will be built.
Two questions:
Thanks!
I joined MoCo a few months ago because of their 2.6% promotional rate. Back then the rate was meant to apply until July 1, but since then their promotional marketing claims it has been extended to November.
I thought this meant I would automatically get the higher rate until November as well, but that's not the case. I'm down to 2.1%
FYI, just in case anyone else had the same assumption