Personal Taxation

Personal tax rates are the highest of all the tax rates. It is therefore vital to ensure all reliefs are availed of and the minimum correct amount of tax is paid. Self-assessment applies to company directors, the self-employed and individuals with investment income such as dividends and rent.

Our personal tax specialists will assist you in the preparation of your income tax return, calculate your tax liability and advise you on all payments due.

In addition our tax department will also advise you on:

  • Tax efficient investment strategies
  • Pension planning, including self-administered schemes
  • Extracting assets from a family company
  • Tax shelters such as EII, SURE, SARP, FED, SYOB 
  • Becoming or ceasing to be tax resident in Ireland
  • Retirement planning
  • Revenue audits

PERSONAL TAX FACTS

    2018 2019
Income tax rates   20% and 40% 20% and 40%
Income tax bands Single 34,550 35,300
  Married, one income 43,550 44,300
  Married, two incomes 69,100 70,600
Personal tax credit Single 1,650 1,650
  Married 3,300 3,300
PAYE (employee) tax credit   1,650 1,650
Earned Income tax credit   1,150 1,350
Age credit (65 or older) Single / Widowed 245 245
  Married 490 490
Home carers tax credit   1,200 1,500
Fishers tax credit   1,270 1,270

 

  2018 2019
PRSI  Employees Self Employed Employees Self Employed
PRSI Rate 4% 4% 4% 4%
Employers contribution          10.85% N/A 10.95% N/A

 

Universal Social Charge    2018          2019    
Income up to €12,012.00 0.5% Income up to €12,012.00 0.5%
Income from €12,012.01 to €18,772.00 2% Income from €12,012.01 to €19,874.00 2%
Income from €18,772.01 to €70,044.00 4.75% Income from €19,874.01 to €70,044.00 4.5%
Income above €70,044.01 8% Income above €70,044.01 8%
Additional surcharge on non-PAYE income in excess of €100,000 3% Additional surcharge on non-PAYE income in excess of €100,000 3%