settlement
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How do these work?
Eg if my FRE are 695, is that 695 applied to my tax credits or just a portion of it?
Eg if my FRE are 695, is that 695 applied to my tax credits or just a portion of it?
I think this is right as I see 139 on my tax creditIf I recall correctly when you apply for your FRE you get it back at the higher rate of income tax you pay so effectively it is just a portion of same so you'll get a refund of €139 (20% marginal rate) or €278 (higher rate).