Hi
Can anybody please help me to understand my payslip? I have no idea what any of it means so any tips would be very welcome! My situation - am working part time, married and jointly assessed. I have been working just under a year for my current employer and in that time the "TAX" field of the payslip has always been 0.00. I don't understand why that is. Do I not have to pay 20% tax on the first part of my income no matter what?
Also I don't understand the pension fields - can anybody tell me which one of these relates to my own pension - or am I not paying any?
Those are my major questions. I am also trying to find out how it would affect me if I increase my hours (I'm currently working 50% of full time) so any tips on that would be appreciated.
Thank you in advance.
Louisa
PAYMENTS:
Salary: 1415.63
ER Pension: 283.13
TAX CREDIT: 3300
TAX CREDIT YTD: 2475
RSI : A0
DEDUCTIONS:
Accident Ins: 0.85
Pension Levy : 8.28
Pension : 0.00
Pension : 0.00
USC : 42.33
Pension : 42.47
Pension Full : 14.62
SUMMARY: THIS PERIOD : TO DATE
Gross Pay : 1415.63 : 12740.67
Pre-Tax Deds : 65.37 : 588.34
Taxable Gross : 1350.26 : 12152.33
Cut Off : 2733.33 : 24600.00
Tax : 0.00 : 0.00
PRSI : 0.00 : 0.00
Other Deds : 0.85 : 7.65
NET : 1307.08 : 11763.73
Can anybody please help me to understand my payslip? I have no idea what any of it means so any tips would be very welcome! My situation - am working part time, married and jointly assessed. I have been working just under a year for my current employer and in that time the "TAX" field of the payslip has always been 0.00. I don't understand why that is. Do I not have to pay 20% tax on the first part of my income no matter what?
Also I don't understand the pension fields - can anybody tell me which one of these relates to my own pension - or am I not paying any?
Those are my major questions. I am also trying to find out how it would affect me if I increase my hours (I'm currently working 50% of full time) so any tips on that would be appreciated.
Thank you in advance.
Louisa
PAYMENTS:
Salary: 1415.63
ER Pension: 283.13
TAX CREDIT: 3300
TAX CREDIT YTD: 2475
RSI : A0
DEDUCTIONS:
Accident Ins: 0.85
Pension Levy : 8.28
Pension : 0.00
Pension : 0.00
USC : 42.33
Pension : 42.47
Pension Full : 14.62
SUMMARY: THIS PERIOD : TO DATE
Gross Pay : 1415.63 : 12740.67
Pre-Tax Deds : 65.37 : 588.34
Taxable Gross : 1350.26 : 12152.33
Cut Off : 2733.33 : 24600.00
Tax : 0.00 : 0.00
PRSI : 0.00 : 0.00
Other Deds : 0.85 : 7.65
NET : 1307.08 : 11763.73