Couple living together
Verdict €211 monthly loss
Carol and Eoin are living together in rented accommodation paying €1,200 a month in rent. They are not married. Carol is self-employed and earns €85,000. Eoin is a civil servant and earns €37,000. Carol and Eoin will be affected by the reduction in tax credits and reduction in the married person tax band.
They will also be affected by the proposal to introduce a Universal Social Charge in 2011, which will replace Health Levy and Income Levy.
How it compares
Income tax (before credits)
Universal social charge
(Income and health levies)
percentage of gross income
* The pension levy is not tax deductible for PRSI and the Universal Social Charge with effect from January 1, 2011.
** It is assumed in the above calculations that the rental credit is reduced by 20pc.