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

    2017 2018
Income tax rates   20% and 40% 20% and 40%
Income tax bands Single 33,800 34,550
  Married, one income 42,800 43,550
  Married, two incomes 67,600 69,100
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   950 1,150
Age credit (65 or older) Single / Widowed 245 245
  Married 490 490
Home carers tax credit   1,100 1,200
Fishers tax credit   1,270 1,270

 

  2017 2018
PRSI  Employees Self Employed Employees Self Employed
PRSI Rate 4% 4% 4% 4%
Employers contribution          10.75% N/A 10.75% N/A

 

Universal Social Charge    2017         2018   
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 2.5% Income from €12,012.01 to €19,372.00 2%
Income from €18,772.01 to €70,044.00 5% Income from €19,372.01 to €70,044.00 4.75%
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%