S superd Registered User Messages 18 2 Apr 2018 #1 Hi, Can anyone give me a rough idea on how much overtime is taxed by revenue? Ive earned quite a bit of overtime this month, in the region of 1200e before tax, and curious how much i will actually see reflected in my pay packet. Im single, and salary is above 40k. Not sure if that makes a different. Thanks guys.
Hi, Can anyone give me a rough idea on how much overtime is taxed by revenue? Ive earned quite a bit of overtime this month, in the region of 1200e before tax, and curious how much i will actually see reflected in my pay packet. Im single, and salary is above 40k. Not sure if that makes a different. Thanks guys.
R RedOnion Frequent Poster Messages 7,272 2 Apr 2018 #2 You're in the higher tax bracket already. Similar to the cash over here https://www.askaboutmoney.com/threads/tax-on-overtime-pay.207682
You're in the higher tax bracket already. Similar to the cash over here https://www.askaboutmoney.com/threads/tax-on-overtime-pay.207682
S superd Registered User Messages 18 2 Apr 2018 #3 Quote jpd: If your basic salary is around € 55,000 then ALL of your overtime will be taxed at the higher rate of 40% Suppose that answers my question... Cheers
Quote jpd: If your basic salary is around € 55,000 then ALL of your overtime will be taxed at the higher rate of 40% Suppose that answers my question... Cheers