Total taxes calculation

Roro999

Registered User
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390
Having difficulty with PWC and Deloitte income tax calculators. Can anyone give me a breakdown of 2023 taxes under following scenario.
Married couple early 60's.
Both on invalidity pension of €225 p.w (plus assume Christmas bonus €225 each).
HSE pension 10,500
Private pensions 24,000
A breakdown between income tax and USC would be appreciated. Don't think PRSI applies.
 
225*2*53 = 23,850
HSE pension = 10,500
Private pensions = 24,000

Total gross income = 58,350

All income taxed at 20% = 11,670 gross tax due.

Less tax credits, these depend on your personal circumstances.

Typical tax credits are:

2022 married = 3,400 per couple
2022 PAYE tax credit = 1700 each = 3400
Total is 6,800

Net tax due is 11,670 less 6,800 = 4,870

Tax rate is 8.35%

USC is too hard for me to do, use the calculator..

PRSI will apply, if under age 66.
 
225*2*53 = 23,850
HSE pension = 10,500
Private pensions = 24,000

Total gross income = 58,350

All income taxed at 20% = 11,670 gross tax due.

Less tax credits, these depend on your personal circumstances.

Typical tax credits are:

2022 married = 3,400 per couple
2022 PAYE tax credit = 1700 each = 3400
Total is 6,800

Net tax due is 11,670 less 6,800 = 4,870

Tax rate is 8.35%

USC is too hard for me to do, use the calculator..

PRSI will apply, if under age 66.
Many thanks.
 
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