Issue with net increase after pay increase

All, I just received and increase to my pay from work.

All my cut off points are standard btw, I have no children under 18, I pay a mortgage on my house, not married.
My company pay my health insurance which is valued at €148p.m and the match the contribution to my pension.
Details;
Old salary gross was €96,255 and new is €105,000 (I get a bonus but that doesn't count in this as it's yearly and we wont get this year).
My old net was €4,666 and my new net is €4,813 (all figures rounded off). As my pension is a % contribution, there there is an extra €66 gone to that.
This means a net increase of €147 p.m. after pension contribution that's €214, which is about 30% of my gross increase of €729, surely I can't have been taxed 70% of my gross raise amount?

Monthly figures below

Any ideas why this might be?

Plug the figures in here to check them:


Are you comparing end of year 2021 figures with start of year 2022 figures?
That would not be comparing like with like due to end of year calculation issues and changes to tax credits etc. in 2022.

PRSI and USC figures look a little off if you're using 2022 rates for the new pay calculations. PRSI should be a straight 4% of gross pay (a €5 difference) and USC should tally to €436 per month (an €11 difference- my USC calculator is here: http://taxcalc.eu/monthlyss/dlf/USC calculator.xlsx).

My Excel net pay spreadsheet might also help: http://taxcalc.eu/monthlyss/Employee PAYE calculator.xlsm

@deadlyduck - Those links dont work for me.

@ClubMan I suppose I am, but I thought tax credits were better in 2022, no worse.

The other this ng has changed is that my daughter (who lives with me and goes to school) turned 18 in Sept'.
Would I have lose anything for that?

When I look at revenue, I don't get the single person tax credit anymore, can I claim this until my daughter is 21?

Tax credits and reliefs​

Personal Tax Credit
€1,650.00
Employee Tax Credit
€1,650.00
Single Person Child Carer Tax Credit
€1,650.00
Medical Insurance Relief
€200.00

onemanortow said:

When I look at revenue, I don't get the single person tax credit anymore, can I claim this until my daughter is 21?

Tax credits and reliefs​

Personal Tax Credit
€1,650.00
Employee Tax Credit
€1,650.00
Single Person Child Carer Tax Credit
€1,650.00
Medical Insurance Relief
€200.00

Click to expand...

If she's still in full time education, you can.

The 2022 figures are correct for standard single person's tax credits. I think the previous posters missed that there's €148 BIK on health insurance to added to the figures in the table in the OP, along with €200 per year health insurance credit.

@onemanortow Try visiting the site itself at https://taxcalc.eu/monthlyss

There are links to the various spreadsheets accessible from there. I can PM if required.

@Ciru75 - Yes, she is still in school and hopefully will move on to college in Dublin.
I didn't know BIK for health affected my PAYE contributions.

onemanortow said:

I didn't know BIK for health affected my PAYE contributions.

Click to expand...

Medical insurance premiums paid in part or full by an employer are a taxable benefit in kind.

onemanortow said:

@Ciru75 - Yes, she is still in school and hopefully will move on to college in Dublin.

Click to expand...

You should be able to add the credit back in on your Myaccount. You'll get the benefit backdated to the start of the year.

This may explain the "extra" 27th fortnightly pay period.

Ok. Applied that credit, was easy enough. Thanks.