C
Cebella
Guest
Hello,
It's great to see such an informative website as askaboutmoney.com. Keep up the great work.
After a few months' unemployment, I managed to secure a 6 months' contract as a self-employed person. I've just received my wages from last month so I would need to set aside some money monthly for tax returns. But, I don't have a notion of how much I should save so here I am
.
I know I need to set money aside for the following after tax credits:
Income Levy - 2%
Health Levy - 4%
Income Tax - Standard rate 20% and High Rate 41%
PRSI S contributions - ?%
How much should I allocate to the PRSI S contributions? Is there anything else I'm missing from above?
Does anyone have or know of a spreadsheet that can calculate the percentage of money to be set aside monthly?
Thanking you in advance for your help.
It's great to see such an informative website as askaboutmoney.com. Keep up the great work.
After a few months' unemployment, I managed to secure a 6 months' contract as a self-employed person. I've just received my wages from last month so I would need to set aside some money monthly for tax returns. But, I don't have a notion of how much I should save so here I am
. I know I need to set money aside for the following after tax credits:
Income Levy - 2%
Health Levy - 4%
Income Tax - Standard rate 20% and High Rate 41%
PRSI S contributions - ?%
How much should I allocate to the PRSI S contributions? Is there anything else I'm missing from above?
Does anyone have or know of a spreadsheet that can calculate the percentage of money to be set aside monthly?
Thanking you in advance for your help.