T
Commuting
Taxsaver tickets for train / DART. Will save tax at higher rate as well as PRSI. www.taxsaver.ie. This means virtually half price travel.
quinno said:In Ireland, we are taxed heavily on indirect tax (VAT, excise, etc). The only way to reduce these is to obviously look at your life style and see where you can cut back.
If this is the case then something sounds seriously awry here. Using [broken link removed] I calculate that a single person on €50K would probably pay about €10K tax and €2.6K PRSI while a single person on €60K would probably pay c. €14K tax and €3K PRSI. So your joint tax/PRSI bill should be c. €24K/€5.6K or €30K total.My fiance and I have both got good jobs with salaries of 50 and 60k. however we are clueless about tax and are paying almost 50k a year in Tax and Prsi.
This does not magically reduce your tax bill unless it's done as part of an illegal tax evasion/fraud scam. As the previous poster says only expenses that have been made out of net income and vouched for can be reimbursed via salary with no tax/PRSI applying (since it has already been paid).In a similar situatiuon myself. I had asked some people and they suggested getting as much as your salry as possible paid as expenses. E.g. allocate 20K of your salary for expenses.
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