How much can a 65 year old earn before paying tax?

Brendan Burgess

Founder
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Is the following correct, if they have a pension from earned income?

Single person credit: 1,775
Employee credit: €1,775
Age: €245
Total: €3,795

/20% = €18,975

So the €18,000 Exemption Limit is irrelevant to an employee?
 
 
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