Hi,
We are hoping to add our 15 year old daughter to payroll, and it looks like because of her age (under 16) she will not need to pay any prsi or USC and we will not be liable for payment of employer prsi as she is in prsi Class M. However I have come across two differing figures for the annual amount which we can pay her before she incurs a tax liability, i.e €8,000 or €8,250? Cannot find a definitive amount anywhere. Does anyone happen to know the max tax free annual payment for a 15 year old? Are there any other associated employer costs which I am not aware of?
Any and all advice or assistance on this would be very much appreciated, Thanks
We are hoping to add our 15 year old daughter to payroll, and it looks like because of her age (under 16) she will not need to pay any prsi or USC and we will not be liable for payment of employer prsi as she is in prsi Class M. However I have come across two differing figures for the annual amount which we can pay her before she incurs a tax liability, i.e €8,000 or €8,250? Cannot find a definitive amount anywhere. Does anyone happen to know the max tax free annual payment for a 15 year old? Are there any other associated employer costs which I am not aware of?
Any and all advice or assistance on this would be very much appreciated, Thanks