As you are over 65, then there is no income tax due as long as your annual income is below € 36,000 - this includes pension and interest
In addition to paying DIRT tax on the interest will we also be paying income tax on the additional income from interest?
If my annual income is €35,900 I pay no DIRT tax. If my annual income is €36,100 do I pay full DIRT tax or is there some pro rata reduction?
Thanks.The DIRT tax is all the tax levied on interest payments
You have to include the gross amount of interest earned ie the € 1 above on your tax return under the relevant heading. No further tax is due
Correct.So after paying DIRT tax you don't have to pay income tax on this interest earned.....
Possibly. Depends on the means test in questionbut it could affect various thresholds if applying for a GP card or other social welfare services?
No.Does it affect in any way your tax situation as in allowances received etc.?
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