Daddy Ireland
Registered User
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- 458
Hi,
Trying to help out friends calculate their taxes payable and cannot locate a calculator on internet for this scenario and would appreciate someone doing the calculations.
Married Couple.
Spouse age 67:
State Pension 12,636
4% personal pension withdrawal 7,200
Spouse age 63:
Invalidity Pension 11,050
4% personal pension withdrawal 5,600
HSE Pension 10,000
No income from investments.
Are both entitled to employee tax credit of 1,650 each ?
Are both entitled to the annual tax credit of 1,650 each ?
I guess neither due any other credits ?
What is income tax payable ?
What is PRSI and USC payable ?
Your help is much appreciated.
Trying to help out friends calculate their taxes payable and cannot locate a calculator on internet for this scenario and would appreciate someone doing the calculations.
Married Couple.
Spouse age 67:
State Pension 12,636
4% personal pension withdrawal 7,200
Spouse age 63:
Invalidity Pension 11,050
4% personal pension withdrawal 5,600
HSE Pension 10,000
No income from investments.
Are both entitled to employee tax credit of 1,650 each ?
Are both entitled to the annual tax credit of 1,650 each ?
I guess neither due any other credits ?
What is income tax payable ?
What is PRSI and USC payable ?
Your help is much appreciated.