Z
Should be €551 for monthly salary.€127*52/12 = €550.33 @2% = €11.00
I calc it as 1,885.25 as follows
First..........551 @ 2% ....................................................11.02
Next ......2,049 to bring cumulative to 48,800 @ 6% ...........122.94
Next ......5,742 to bring monthly payment to 8,342 @ 2% ....114.84
Balance 65,458 @ 2.5% ...............................................1,636.45
Total ........................................................................1,885.25
Open to correction
I've just taken another look at this. I think the second half is wrong. Should the balance beFirst..........551 @ 2% .................................................. ..11.02
Next ......2,049 to bring cumulative to 48,800 @ 6% ...........122.94
Next ......5,742 to bring monthly payment to 8,342 @ 2% ....114.84
Balance 65,458 @ 2.5% ...............................................1,6 36.45
... Band 2 as you call it is split between ...
Some of that 73800 is under the 48800 ceiling.Band 3 Balance of 73,800 calc on monthly basis 73,800-8,342 = 65,458 @ 2.5% = 1,636.45
Some of that 73800 is under the 48800 ceiling.
I would go with orginal calc. (i.e. €1657.46)
.....................551 @ 2% =
....................2049 @ 6%
..................71200@ 2%
Additional.....19900 @ .5%
If you go with the second cal. (i.e. €1885.25), you would be due a health levy refund that can be claimed from the PRSI refunds section.
I would go with orginal calc. (i.e. €1657.46)
.....................551 @ 2% =
....................2049 @ 6%
..................71200@ 2%
Additional.....19900 @ .5%
If you go with the second cal. (i.e. €1885.25), you would be due a health levy refund that can be claimed from the PRSI refunds section.
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