Taxes. Why do we pay so much? Ireland
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- čas přidán 13. 01. 2021
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As a person earning north of 200k in Ireland, I can say that their tax system is one of the worst for people with higher salaries. The tax credits make sense if you have a low salary, but when you pay 130-150k in taxes, the fact that you have a couple of tax credits which total 5-6k it’s literally nothing. I will move from Ireland the first chance I get.
Where do you work?
@@egor.okhterov google
IT programmer? How many years of experience do you have? Thank you. p.s: if you can work online check Andorra.
I was thinking about moving to Ireland but now I’m definitely reconsidering partly because of you, your comment is very helpful.
Thank you so much Ana for your time please keep doing this kind of videos!
You are awesome!!
If you're an employee in Germany, you may end up paying higher taxes but (along with social welfare benefits/allowances) you do have free health care services for everyone. In Ireland instead, if you don't have a medical card, you will have to pay for your GP, EA, hospital and so on.
That's a huge difference that one should take into account when doing comparative analysis.
Thanks for sharing with us😊
I agree that the doctors need to be paid well but at the same time medicine should be accessible to everyone esp after paying huge taxes.
I'm happy to hear that the medical system is much better in Germany 😊
@@AMEditionYT compliments for your english skills, you speak very fast.
After 1 year in Ireland i don't speak so fast. But i can understand everything you say, that's very important, without English adult course after high school, self-studied 😊
If you don't have a medical card, you only have to pay for a GP visit - you don't have to pay for hospital if it is a surgical procedure. You only have to pay for hospital if you go directly to Accident and Emergency (the emergency room), without a GP referral. For example, for surgical procedures, I don't have a medical card and have had two minor operations done free of charge here on the public system.
You also forgot about public childcare, decent state pension and access to inexpensive housing.
but wages in germany are higher
Hi Ana, Thank You for taking time to provide this valuable info.
Thanks for watching!
I started looking this video on the 1st minutes . Veeery good!!
Love this video!!
Thank you 😊
Very helpful for as always about Ireland ...
Adorable, Thank You!
Thank you for all you do to help others you dont even know.
BTW, i think you must use an alternate camera as this one is laterally inverted :)
I usually don’t leave comments, but this one, I really want to say thanks, it is really so helpful, you will help a lot of people, great job. I watched some of the rest of your videos, really very good and helpful information,subscribed and looking forward more helpful information form you.
Thank you and wish you all the best!
Hi Vanessa! Thanks a lot for your comment. Really appreciate it. :) I am very happy to be helpful. I was looking for this kind of information myself and could not find it so I decided to create it.
I don't mind to pay higher taxes in ireland , in Argentina we pay a lot of taxes with 0 advances, well we have a lot of politicians who are very very wealthy, yeah we have that.
lot of taxes kills the economy grow of your countrie i guess you did not learn nothing from argentina
@@elfrank333 Right. I can say that for Italy, my country. In Italy I paid 24% of taxes... Basic Salary (even part time).
In Ireland I paid 12% of taxes... Basic Salary I can say (full time job).
Regarding self-employed, Italy = ⛔⛔ We have bad politicians...
Italy always worse, year by year, a bit worse 😔 I can't see a good future in my country, as a young guy.
I felt Ireland is better than Italy, regarding salaries and a lot of things of life's cost.
Thank you ☺️.
Thanks for very informative video you're great
Glad it was helpful!
nice information, thanks for ur efforts
Thank you 😊 I'm happy it's helpful
Nice video thank you
Welcome 😊
In the USA as an EMPLOYEE, your EMPLOYER will deduct all TAXES, there may be a balancing exercise at year end to account for possible deductions that are allowed.
Hi. Thanks for the info. I want to ask about PAYE. Did we need to pay at the end of the year or it is already beee deducted once we received our salary?thanks.
very imformative thanks
Very Informative Video..
Thank you😊🥰
Items on your payslips:
1. 8:00 Income Tax (IT)
20% (standard rate) or 40% (high rate)
2. 8:30 Universal Social Charge (USC)
The government collects to pay pensioners
0.5-11% of income
Only for annual income more than 13K
3. 9:00 Pay Related Social Insurance (PRSI)
The government collects to pay all sorts f social benefits
0-4% vary if you're self employed / public / private sector
4. 9:55 Income Tax Credits
Single 1.65k
(+) Employed 1.65k
(+) Dependent Relative EUR70
TOTAL 3.37
Thank you
I love you !!!
I agree!!!!! Especially car tax. It’s ruining dealerships in Ireland because most people just go to England to buy cars instead of shopping locally.
Not since Brexit. Brexit has made that option far less attractive.
@@ewanduffy why if i may ask. Irish citizens have the common travel area
@@des_AT Tax. There are now additional levies due on such imports.
@@ewanduffy For real ? Does that mean British cars will be highly taxed on Irish soil ?
@@phenny100 no. Before brexit Most Irish people would buy a car in Britain and import it back and only pay VAT of 23% which is cheaper than the normal 50% car tax.
After brexit, imported goods will be taxed accordingly
Nice information
So nice of you
could you do more detailed videos on TAX
Good assessment. In Australia you pay 45c in the dollar on dollars earned over 180k, which sounds a lot, but the tax free threshold is 18k.And you can earn 37k and only pay 10c on the dollar. Food is a little more expensive and you pay for water.But you don't pay much for heating and you don't need much clothes.
I was thinking about moving to Australia but now I’m dubious. Your comment is a huge help, thanks.
hi do you have any idea how to change the rate band annual income 45878 euro cause we're married and my wife has so much tax
hi, i have 3 jobs, do you know how this works? In the 3 I do 42 hours a week in total
If my salary 2500 e per month how much I have to pay
Taxes in Ireland are a result of giving to much freebees to foreigners. Dole, Free Housing, etc.
yup! and they happily abuse the system. seen plenty of cases like this
If I'm single person and I have tax credits 200 to 300 is it good?
Is it right to claim tax credits?
Mam can we take that tax some more years is that possible or not
Greetings from Paris !
I live just next to the embassy of your country !
The USC is just another tax and nothing to do with pensions. PRSI is Pay Related Social Insurance and does actually go to a separate fund to pay social welfare.
Thanks! I was looking online for USC. I'll double check the info 😊👌
Better if you can guide pay slip fully with example 👍
Here in the U.S. (California), I made approximately $81,000 last year. My effective income tax rate (both federal and state combined) was only 18%. I always thought my taxes were high but Ireland's taxes are much higher!
EU's tax burden is generally higher than America's, no matter what state you live in
@@phenny100 That's fine. I know you get alot more for your taxes. Still a great place!
There is NO way your California state tax plus your federal state tax combined was 18%. California state tax Alone is 10 to 15%. You are definitely mistaken.
@@jonreda1548 You have to remember that California has very progressive tax brackets so the vast majority of people are not exposed to the top tax brackets. The 10-15% tax rates which you speak of only apply to income over $295,373. My income is nowhere near that amount. I am partially exposed to the 8-9% tax brackets but that only applies to a small amount.
I just want to clarify that I am not trying to defend California or it's taxation system (because it sucks overall). But I had to set the record straight. Two areas where California's taxes are reasonable are income tax for lower-middle class and property taxes as a percentage of the property's value (thanks to prop 13). Everywhere else, CA has higher than average taxes.
Even tho you live in commiefornia that’s good in comparison to most of the world.
What do you mean by "paying too much taxes" don't they deduct that automatically?
PRSI benefits depends on rate. Not all are entitled to benefits
Tax is a killer, especially in Ireland 😟
agree
Hi ana nice video. But about the P60 I think doesn't exist anymore
Thanks! Yeah, P60 was replaced with a personal statement which can be requested from the revenue. 😃👌
But the higher tax rate is not on the whole salary...it’s only payable on the amount above the tax limit. Same in the UK. There is a 10%, 22% and then a 40% tax rate (on salaries above like 38,000).
Yup! Absolutely 💯 I explained this is the 1st part (a separate video 😉). Didn't want to repeat myself.
Hello to everyone, I just don’t understand one thing, so does the law of 40% applies to you when you achieve that 35k per year or it is divided per 52 weeks and let’s after 720 EUR per week everything after that is taxed on 40%?
I mean I’m planning to move so Dublin for couple months so obviously I won’t make more than 35k per year but I’ll make for sure more than 1k per week. So if I stay for 4 months this means 16 000E, so do that applies to me or no?! Thank u so much for the reply. Appreciate it :)
It’s divided and not applicable to full salary.
Hi Anna,
Useful information provided by you in this video. I appreciate your efforts and know about Ireland tax system.
Thank you.
Thank you! I'm happy it was useful 😊
@@AMEditionYT thank you Anna.
Does a non-resident working in ireland get some tax credit for the house rent he pays?
No rent in Ireland is an issue due to high rental few properties to rent.
Studies tax for a year so might be wrong.
is there such thing as tax advantaged account here in Ireland for people who invests in stocks?
I believe it’s still called a Roth IRA. But I might be wrong
Hi! I actually don't know about this. If I find any info, I'll talk about this is one of the future videos :)
No.
Can you please explain why I have a W tax code and my pay seems to be tax at 52% I started a new job and I think maybe I’m taxed for having a second income. Because they think I have 2 jobs My salary is high over €80K I’m a Doctor 👩⚕️ GP please any information would be appreciate
I would say it is best to talk to a qualified financial specialist. They should definitely be able to help you with this.
The taxes for low income is something that makes me relieved when comparing myself with high earners! lol
Happier with less salary 🙃
This is true :D
In the US we pay taxes monthly, especially income taxes! We have to pay both state and federal taxes, so I am not sure what you meant by end of thr year?
Thanks for letting me know. I always thought that people get a tax bil at the end of the tax year. I have a friend who lives in the US and pays taxes this way! 😊👌
@@AMEditionYT that’s so strange! I have never heard about that before (maybe it’s a choice?)! We do file taxes only once a year though, and the sometimes we get money back but sometimes we have to pay more taxes so it depends ... so far I have only gotten taxes given to me after filing but my hubby has had to pay several times 😅
@@AMEditionYT Maria, I also live in the U.S . I work in business management. People who are w-2 employees (an example would be some one who works for a bank), those employees have the right to choose to have their taxes withheld on paycheck basis, meaning base on your tax bracket X amount is withheld. Independent contractors and small business owners pay taxes at the end of the year unless you have an arrangement with the IRS (internal revenue service aka god).I live in a state where we do not have to pay state taxes. New York and New Jersey are states where individuals have to pay federal (national) and state (local government) taxes. The lady who posted this comment lives in a state such as the one I mentioned.
By the way, by no means believing we pay taxes once per year is "weird" in any way.
Thanks a lot girls for explaining that! Very interesting to know :) Hope I'll have a chance to visit the US soon.
Looks like every state and country have their own particular rules.
I'd say it would be painful for me to see a tax bill only once a year :D . It's nice to have the pay as we earn system in place.
@@AMEditionYT yes for sure, I totally agree with you on that!
Hey, I just wanted to let you know that you have the Ivory Coast flag in the about section of your CZcams channel
Hi Daniel! Thanks a mill for letting me know. I totally forgot to check that section and never thought anyone would look at it :D
Appreciate your help!
@@AMEditionYT Ahah no problem
@@AMEditionYT Hey, when you say if you earn very low income, what is your perception of low-income? To ME, I don't know what salaries I might be able to earn until I finish my degree but have guessed when estimating income & use €14 to €17 an hour playing with the numbers for income possibilities. I am not married but do have one child who currently is 7 years old but by the time we get to Ireland will likely be 9. From what I have read, he will be too old for us to be eligible for child benefit or single carer allowance... which btw, I think is wrong. My view is €38,000 annum or less is extremely low income. I mean, €38000 per year won't yet qualify for anything but mostly tiny houses or an apartment. Granted, in further out/somewhat rural areas such as Limerick, Mayo, Monaghan, Offy, Roscommon, Sligo & Tipperary, €133,000 gets you a tad more but still. Now in SCOTLAND, you'd qualify for £171000. [or €144,097.20] so of course you're paying tons of taxes because it's what 20%, well for a single parent household] so €38000 income pays €7600 in taxes leaving €30400 per year, €584.62 per week & working 40 hours - €14.62 per hour, 37 hours €15.80 per hour. Wow. Tight budget for sure & who wants to live that way between now & dead? Not me for sure.
Thanks!
Do u know what are the countries that you'd pay less taxes?
China
The Gulf countries (0 income tax)
Russia. You pay 13% tax if you earn less than €70k per year. You pay 15% if you earn more than that. 15% is the highest tax bracket.
There are ways to drop taxes to 6% or even to 0% if you manage to register yourself as an individual entrepreneur, so that you work with a company as though they are your client.
@@egor.okhterov Salaries in RUSSIA are pretty low compared to developed english speaking countries.
@@RAO.NUTRITION It depends on your profession and how lazy you are. For example, programmers earn $10k per month (after tax and the value in dollars changes depending on the exchange rate).
University education is free in Ireland for 95% of native population.
I clarify there is a registration fee but people are exempt from those of they meet certain conditions. MUST BE a full time course. One must pass all exams in one academic year or pass repeat exams in academic year. Ones income must be below a set figure.
I attended for 3 years and graduated in Politics and sociology in 2012.
It did not cost me a cent because my income was below the set level.
I was not able to meet the income requirements to study for a master. So it was a choice of pay registration fee or leave the masters programme.
As I was not going into the workplace I dropped out.
Interesting to know. The majority of my colleagues in the university paid for their studies and some were lucky to get the job to pay for their university (about 75% of my colleagues were originally from Ireland).
I'll try to find more info about this.
@@AMEditionYT .
I retired in 2007. Decided to take post school leaving course.( Mainly because I was at a loose end and the govt were going to give me 60 euro to go.
Course was designed for 17/ 18 year olds which failed exams.
I was 55. But as Reggie Perrins boss might say, I did not get where I am today by not going back to school at 55..
Anyway I was there a month when I was given a Central Application Office. The only way to get into a basic University course in Ireland.
I'm not not going to Uni I said. Yes you are I was told. What are your hobbies I like politics I replied.
Well that is what you will study.
So aged 59 I graduated with honours degree in Politics/ Sociology..
While there i applied for and was given exemption from fees plus 3000 euro a year expenses.
the minimum given to each student. Depending on distance from University. I was only 15 km away.
So I had a widower s pension. employer pension private pension plus tax free grant.
Happy days for me
Only one CONDITION.IRISH govt pay once. Fail exam you repeat at your own expense.
That is reason why Google etc is on Ireland. 75% of school leavers do a post secondary school education.
@@paulmcgrath6118
I went to uni full time between 2009 &2012. I was earning over 30 000 euro p a Gross
I was exempt from registration fee
@@paulmcgrath6118
I went via C A O. You must have a huge income
Registration fee exemption is means tested. If you are on average income you qualify for exemption
@@williampatrickfagan7590 no dude. My mother makes negligent amounts as a teacher supervisor and other jobs, and my dad's fixed income is taxed through the roof, along with expenses and hefty medical expenses in caring for my elderly grandmother we have little excess cash and virtually no discretionary savings for anything beyond small purchases.
My brother had to pay for college out of his own pocket and we had to take out loans and overdrafts for that and expensive rent. I'm currently on minimum wage and saving for rent and tuition fees in Dublin. We are a shade above grant status so our fees aren't omitted yet we're scraping together money to just about make it.
I don't feel this post is a fair characterisation of college fees here.
We pay lots of taxes in Ireland... Depending on the anual salary that we have... But this is like everywhere when you earn more you pay more.
I understand that we have to pay but I think that in Ireland we don't have many social benefits such as health... As if you go to a go you pay 50€ for every consultation you have. If you go to emergencies...you pay 100€ on arrival. If you have to stay overnight ypu pay 80€ or night up to a total of 10 days. ( You could do a video about health system and I can help you in this if you want).. What I want to say with this is that with the taxes we don't have health benefits.
In the educational point of view I don't know but I know that for non European is very very expensive. If we are paying taxes here it should be mostly free for everyone .
This is true. I think this will be very interesting for everyone to watch a video about the healthcare in Ireland. It's totally different than what I was used to :)
If you underpay taxes, revenue will take ownership of your bank account until money is paid.
Revenue are such lovely individuals in the public sector that work so hard and don't make hard working individuals on minimum wage cough up their earnings to fund lazy public service workers in their lives of utter redundancy.
Sarcasm.
But you can get tax return just like in UK :-?
Hi! Yes, sure. Tax return is available in case someone paid extra tax then there were due.
Hello . I am resident in Romania and I obtained income from Ireland. How can I contact the Irish tax authorities for clarification?
Saru mana. Sunt rezident in Romania si am obtinut venituri din Irlanda. Cum pot contacta fiscul Irlandez pt lamuriri? Multumesc anticipat
Website my revenue
Universal social charge have nothing to do with pension
It's been a long time. Did you get irish citzenship or it isn't your goal?
Hi! I did not apply for an Irish citizenship as I am not eligible yet. I still do research to see if I need it or not :)
@@AMEditionYT you need to live 5 years in ireland to apply for it but it costs about 1100 eur to apply and is not really worth it if you're already a EU citizen since you can go anywhere within europe with your existing passport/citizenship. the irish passport however might give you better opportunities when traveling outside of EU. there is a list called "most powerful passports in the world" - depending on with how many countries your home country has diplomatic relationships it might be worth applying for an irish passport. other than travel the other 2 advantages are that you can renew your passport when it expires without the need to travel (that is if you plan on staying in ireland long term/forever) and that you can vote.
@@_-_SK_-_ what about embassies? Can you not renew it from there. I know for my American passport I just traveled to the embassy and did it that way. I also have an Irish passport and grew up here so maybe it's different for me. Just curious to know
Hi Ana ,
Are you an Irish ☘️ or a migrant ?
Best of all is USC, fee to the bankers
USC is not for PENSION ! PRSI is for PENSION and other Benefits.
I have Italian PR card. Can I work & live in ireland legally. Thank you so much. stay well & safe. regards.
No Please you cannot
@@kwesidiamonds8242 can I change it in ierland PR card ? Thank you.
I’m paying 40% income tax (PAYE) and I’m earning less than 13,000 a year anyone he’ll me fix this
@@paulmcgrath6118 revenue takes like half your wage unless you resolve it and apply relevant tax credits...
Hey Ana..you have got 10k followers..treat yourself with a 💻 laptop..😇🙌🤗🤩🥰❤
Just so you know! if you are really ambitious and thinking of becoming a millionaire from scratch, just don't come to Europe. Taxation is high and burdensome, businesses are highly regulated and real estate is quite expensive.
You had better go to the US or the gulf countries (the UAE, Qatar, Bahrain, Saudi Arabia and Oman)
а ты по русски понимаешь?
Burger King surely isn't happy with your comment lol
don't know if they will ever watch this video :D but they have to improve their standards in any case
@@AMEditionYT I personally like their burgers so it's a letdown to know their standards of hygiene isn't that good
@@mufkoda8643 yeah! I agree. Their burgers are tastier than McDonald's for ex. I'd suggest asking for fresh meat, fresh fries or onion rings and let them know that you're happy to wait a bit. This is how they will cook fresh.
Also you can ask for fries "without salt". They will have no choice but to cook a fresh batch of fries specially for you 😊
@@AMEditionYT fantastic tips !! I will definitely keep that in mind.. thank you! 😊
@@AMEditionYT or just don't go there. Empty calories, and an awful diet. And yes working and seeing a kitchen and food prep makes you realise that hygiene standards nearly everywhere are way lower than they appear behind closed doors. Health and safety standards badly needs revision and improvement
Like Ronald Ragan said "If you don't work you don't eat.
If you can't work you should be taken out back and put in a grave.
I hate lazy people.
Help the needy not the greedy.
The reason taxes are higher on those with higher salaries is to pay for all the freeloaders at the bottom paying little or no tax.
Being poor in Ireland is rewarded
Poor people living below the mean living wage should not be taxed as highly as those with comfortable salaries over 100k. That's insane. It's not socialism it's just common decency really. And the rich don't pay taxes anyway, they have the tools to avoid it through various means. Let's not fool ourselves. The poorer people get shafted regardless with medical expenses, rent, living upkeep costs, tuition, transport/petrol prices, car expenses and so on. Just to earn a wage you have to pay out a lot regardless. Unfortunately, wouldn't it be nice if we didn't pay taxes and everything just did itself. But we don't live in that world do we
To Simplify this. You work as a modern slave and you pay money or "taxes" to royal families that leave in castles and drive rolls royce. The taxes go in to a paye account and from there they just disapear. PUF.
Yeah...what can I say 🙈 this is the absolute truth. Salaried amployees are modern slaves for sure. They are told that they have rights but then it can get extremely difficult to even ask for a sick day off because they feel bad (I'm not talking about abusing this but about real sickness). Working so much to ensure that some rich dude has all his life sorted out 🙈
@@AMEditionYT yep. You can't fight the man. The man feeds you so you can't bite his hand.
But don't forget the man needs you, and by the man I mean anyone in a position of power. But that power only exists when they're propped up by workers.
Super hard to talk back or ask for your rights to be rectified or acknowledged because you are seen as replaceable and as a mere commodity to be traded and replenished.
For instance the duopoly of Bank of Ireland and Allied Irish Banks has on this country. When I asked to have my wage/salary sent to my revolut IBAN, which is a legitimate Lithuanian bank with a European IBAN. Which is protected by EU law and regulations, my employer denied it, which is illegal: IBAN discrimination. But what am I gonna do? Walk out and be replaced? I gritted my teeth and opened an AIB account, something I've avoided for several years...
LMAO, if you can use the dysfunctional Labour relations website, the employer doesn't give a shit.