Friday 25 May 2018

Net Income Calculator: Assumptions







* The salary figures include benefits in kind

* There is no longer a PRSI ceiling for employees

* You are an employee under 65

* Full rate (A1) PRSI is payable

* The monthly figures assume that PRSI is collected evenly throughout the year.

* Both salaries are equal in the category of married both earners

* The carer spouse has no income in the category of married spouse home carer

* The only tax credits due are the personal, employee and home carer (where applicable).

* The calculations do not incorporate mortgage interest relief.

* The calculations do not incorporate child benefit.

* The calculations incorporate the new universal social charge, which replaces the former income levy and health levy

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