Starting work mid-year

[jambo]

I've been overseas for a number of years and have just started back working in Ireland. Because I am only resident for half the year, I will only earn half my salary in this tax year. Does this mean that I am taxed on half my salary? i.e. my effective rate of taxation is a lot lower than if I had been working for the full year. Or are my tax credits and marginal bands halved?

 

[huskerdu]

No, you get your entire annual tax credits and tax bands, so your take home pay should be higher than normal for the rest of year.

 

[deadlyduck]

If you want, you can calculate your net for the remainder of this year (and also the 'normal net' amount) using my spreadsheet

 

[jambo]

Thanks for the responses. I've filled out a form 12a for my employer so I should have my correct pay from next pay period.