Comments for Money Guide Ireland

Comment on Current Bank Account Charges and Fees by Henry Barth

Henry Barth — Sat, 04 Feb 2012 10:19:19 +0000

The AIB offer a completely free current account to anyone over age 70. This does not seem to be advertised so ask at any branch.

Comment on Fixed Term Deposits More Than 1 Year by Money Guide

Money Guide — Fri, 03 Feb 2012 18:29:22 +0000

DIRT is the tax on the interest – which is 30% at the moment. (Deposit Interest Retention Tax)

Comment on Fixed Term Deposits More Than 1 Year by james brehon

james brehon — Fri, 03 Feb 2012 17:51:07 +0000

what does less dirt mean

Comment on Universal Social Charge – 2012 by Nico

Nico — Fri, 03 Feb 2012 16:13:17 +0000

I only worked 8 months in 2011 (until end of August). What would the total USC be for 71,9k taxable income? Once I claim tax back will this automatically assessed for USC refund?
thanks

Comment on Universal Social Charge – 2012 by Money Guide

Money Guide — Fri, 03 Feb 2012 14:22:58 +0000

Brian – CE income is used to calculate total income – but is not actually charged USC. Tax credits do not affect USC.
Interest that has been subject to DIRT is not subject to USC.

Comment on Universal Social Charge – 2012 by Money Guide

Money Guide — Fri, 03 Feb 2012 14:13:35 +0000

Maragaret – the 4.25 USC is 2% of the 212 occupational pension. The government say that state pensions are exempt from the USC – but it is still used to calculate your total income – and that brings you over the USC threshold. State Pension is not disregared for USC purposes – but no USC is charged on it. Hope that helps?

Comment on Universal Social Charge – 2012 by Money Guide

Money Guide — Fri, 03 Feb 2012 14:10:58 +0000

Doreen – it seems to be correct. Although the state pension is exempt from the USC – it is still used to calculate if your income is over th threshold. The 11.75 is 2% of the €600 pension.

Comment on Universal Social Charge – 2012 by Brian Judd

Brian Judd — Fri, 03 Feb 2012 12:46:49 +0000

I receive €10,816.00 p.a. on a community employment scheme. Also I have a New Ireland Annuity of €175.03 per month. My Jan 2012 net payment from New Ireland was €91.02 (USC €12.25;PAYE €71.76)
I have now requested Revenue to allocate €421.00 of my yearly tax credits to New Ireland. Should I be liable at all for the USC? Is my CE payment used in calculating my total income? Finally is net deposit interest after DIRT has been paid considered Income liable for the USC? Thank you.

Comment on Mortgage Interest Supplement – Cut in Budget 2012 by Marty

Marty — Fri, 03 Feb 2012 08:40:13 +0000

What is the formula of calculating how much Mortgage Interest relief i may be entitled too..
Is there a way i can know this figure before i apply?
Many Thanks..
Marty

Comment on Universal Social Charge – 2012 by Doreen

Doreen — Thu, 02 Feb 2012 22:05:51 +0000

Hi
I have a small pension of just under €600 per month and as I’m in my 80′s, also have a state pension and medical card. I have a total of €11.75 universal charge deducted per month, is this correct?