Flat rate expenses

[settlement]

How do these work?

Eg if my FRE are 695, is that 695 applied to my tax credits or just a portion of it?

 

[Marsupial]

If you're in one of the designated groups then you're eligible to receive the full amount of the relevant FRE as a tax credit.

 

[Brian O'Brien]

If 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).

 

[settlement]

If 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).

I think this is right as I see 139 on my tax credit