What Salary Puts You In The Top 10% In Ireland

In this video we're taking a look at what salary puts you in the top 10% of earners in Ireland. We explore the average salary in Ireland, both before and after tax, as well as data from Revenue which shows how many taxpayers are paying the higher rate of income tax. We also take a look at the salaries required for top 5%, top 1% and top 0.1% status in Ireland. Finally, we take a look at some of the characteristics of the top 10% including their occupation, gender and spending patterns.

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*Malone Financial is affiliated with the aforementioned companies. Malone Financial receives a commission for any customer conversions realized via the affiliate links. This video includes my own opinions (which do not reflect the opinions of said companies). Investing involves a risk of loss. Nothing mentioned in this video should be construed as financial advice.

[jacknolan]

These videos deserve wayyyy more views. Thanks a mill for the videos, I've actually watched almost all of them 🙌🔥

[jamesmcgarry]

Good vid 👍. The pension disparity between public v private v self-employed people would be an interesting video idea

[emc]

Until recently i was a full time carer and part time cleaner earning under 20k a year, and i was homeless sleeping in an abandoned factory off the N7.
Saved up enough to build a log cabin and start my own business, meanwhile a friend who earns twice as much is still struggling to make rent and spending over €200 a month on disposable vapes.
Not to put that bootstrap theory on anyone, or to talk her down at all because i recognize im very lucky to not have any addictions myselr but it really is true that your income is less important than where you put it.

[hungryhil]

Good video, What percentage of peoples income is paid out in hidden taxes? Vat, car tax, house tax, fuel tax?it would be interesting to see how much is left in people’s accounts after paying all tax’s in Ireland

[Aurelius_X_]

Great to see investors outside of the U.S

[paulflanagan]

Very well researched as usual! I found the statistic on self employed people vs. PAYE to be pretty surprising. It looks like the best way to make money in Ireland is to do contract work/ work for yourself. I'd love to know the quantity of people in the 1 and 0.1% self employed! 🤑

[DanieleGiambra-ercs]

thanks Dan! very informative as usual :) I was expecting the average salary to be around 38k. Glad to hear it is higher.

[EWtlgalQWLqPViOvk]

Why did you choose average over median as the most appropriate benchmark?

[jamesmcgarry]

Average pay in each Irish city, and in smaller towns, would make for an interesting breakdown. Obviously living expenses are higher in Dublin than Cork, and higher in Cork than rural locations. Higher average salaries in Dublin no doubt skew the national results.

[daraghmorrissey]

Great video, I left Ireland a few years ago to try out a new job in the US. At one point, before I left - I stopped looking at payslips as I was getting royally fleeced in tax every month. As well as income tax it would be interesting to benchmark how much VAT charges compared to the rest of Europe. Whatever you have left over after all the taxes gets grabbed again when you try to spend it.

[Kostas_Kaskelis]

This is so true! (Coming from an Irish Person). Sorry but is this a good place to ask a question?

[gumisPL]

it would be nice to have these numbers broken down a little. Would be good to see average/median income and average/median expenditure by county and/or province.

[rump]

In response to your closing comments about being better off earing less if you are happy rather than earning more and being unhappy, this does not apply to those who support a single income family. Choice is superseded by obligation and necessity.

[shaneforshort]

Usually when people ask what the average income is what they're really asking is what the median income is. Good vid.

[declanmcardle]

@7:01 well, obviously that 83k has to be reduced by pension contributions and tax-efficient wrappers like the US's Roth-IRA or the UK's ISA. Unfortunately those types of schemes don't exist in Ireland.

[Spondre]

My wife absolutely forbids me from talking about money to anyone she knows. This is why my mother-in-law (Dearg-due - Irish for 'beloved mother-in-law', as I call her, ) refers to me as "unemployed". It does have the curious effect that none of the relatives ask me for money and they talk in whispers at a distance in case they catch some horrible disease.

[glennclarke]

I have a plasterers company all of my plasterers are earning above the top 10%which I think is insane

[TarAldarion]

The median salary this year is €46, 999, it is also nice to see the minimum wage go up to €25.7k.

[C]

2016 and 2025...huge inflation and salary inflation in that time. 80k now is probably more like 60k then.

[piskorzdomi]

Hey Malone, amazing video, thanks a lot! I have a question, I work as a sole-trader and my income will be higher than 37500€ so I'll need to pay tax and additionally 23% of VAT. Is there any way not to pay the VAT when you cross the 37500€ earnings? I'm happy to switch to other business types.