Understand Your Irish Payslip Taxes 2022 | PAYE , PRSI and USC detailed example

Its very important to understand how to calculate the taxes on your payslip.

When you are able to understand your taxes you can better manage and minimise them.

In this video I go through an example of single person making €45,000 per annum and recalculate how much tax they have to pay ( PAYE , USC and PRSI) using the 2022 Tax rates.

I hope you find this useful, please subscribe for more.

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[GhanYt]

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[paddylynn]

Also; could you do a video on tax status (E, T...) and how they change and affect the tax levels short-term, long-term, and tax-back etc...

[jamescallaghan]

Hi Walter, There are no videos on Rct, I've recently change to rct, seem to be some benefits so I'm told..
Was wondering if you could do a video.
Much thanks and keep post video lad

[SilviuApostol]

Thanks! I was able to create an excel file based on your video and check my payslip details.

[linpaws]

I am glad to have come across this video. Preety insightful and detailed👍😎.. Being new in the country a lot of these fields highlighted make sense now. Please do keep us informed on the ways we can keep our deductions at bare minimum. Since you mentioned of the pension scheme, similar to it what else can one declare or claim while filing IT returns to keep our taxable income low. Such as health insurance or long term investments.

[JorgeTejeda-zq]

Can you do any similar video for those that we get lower than that lest say 25k a year example

[v-t]

Hi Walter,
I wanted to ask you what to do in the situation of underpayment.
In previous years, when I requested a tax return, I'm about to receive some tax returns, but now I'm unable to receive anything because I have this underpayment. Can you please advise what to do?

Thanks a mill.

[declanmcardle]

So, years ago, PRSI was supposed to pay for dole and OAP etc.

Now an extra Social Security/Social Insurance/National Insurance charge called USC has been added.

So, now we pay two separate types of Social Security/Insurance payments....

Sounds like a rip-off...

[irisanahisuarez]

Walter why I don’t have PAYE on my payslip? 😢 I’m confused

[juliedeclunder]

Hi, thanks for the great video ! I was a non resident (expat who stayed in Ireland less than 183 days) and so read I am entitled to a full tax refund: so if I understand well, i should receive my USC +PAYE taxes back right?

[MLDawn]

Hi. Super helpful! Thanks a million. I live abroad by I am hired by an Irish employer and I am not an Irish tax resident. Is it possible to stop paying all of these Irish taxes? I mean USC, PAYE, Employee PRSI and of course even the pension?

[joshnicholson]

How do you make sure you're getting the tax credits? Or does it automatically get added on by tax man?

[masithulemkhosana]

Wow this information is very useful as I was stressing so much about taxes in Ireland, as I am interested to work there.

[chidubemjohnkelvin]

So around 26% for that threshold awesome

[schtat]

Nice one Walter - This vid should be used to teach kids in secondary school. Cheers

[edwinflavin]

Good explaination, especially the PRSI rate we have to pay as employers, on top of the salaries.

[GODDEN]

What’s does Tax W/held on my Irish payslip mean ? Anybody ?

[conradjarau]

Thanks alot Brian for the video. It would be great if you had an excel worksheet that you could share with formulas already in place, that could show you how much you should be paying for the different taxes gicen your salary.

[needahaircut]

Anyone else getting rinsed for having a second job whilst still earning well under the 36k threshold? Combined income with two jobs is under 25k a year. Just started second job and got taxed almost 50% on two days work! Any tips?

[paddylynn]

Could you do an update on this Walter?

Very helpful video. We bring international (non-EU) staff in for the hospitality industry and things are as clear as mud for them 😅