Guidance on your own choices, not financial advice.
Every euro of PAYE, USC and PRSI charged through a payroll, and the tax on a pension lump sum, the tax on pension savings over the lifetime limit, the tax on rent, the tax on income from abroad, the tax on maintenance received, the tax on foreign income brought in, the tax on renting a room, exit tax on ETFs, the tax on bond interest, DIRT on deposit interest, the tax on dividends, the tax on extra pension drawn, the year-end settlement, capital gains tax, inheritance tax, Local Property Tax, stamp duty and tax relief given back in this projection is worked out from the answers in section 1 and the rules in section 2, and every other tax is named charge by charge and checked to the cent against what the projection charged. Any month can be checked against the worked examples in section 3, and every month is in the data file.
| The run's fingerprintTaken from everything that sets the figures: the same fingerprint, the same figures | d4a2400850a677df49181d0c208ecde6adad7278740255142231a6acbbd1f337 |
| The engine's versionA fingerprint of the engine's own program | ff005b8f40e7ac9957c42a8b37b84a8c6083621dadfb791a26f8ea33b7fc8310 |
| The tax law it followsEvery statutory figure in the rules below, as in force | The law of 2026: Finance Act 2025, with the Financial Resolutions of 7 October 2026 (Budget 2027), in force from that day |
| The starting number for the random drawsThe same number draws the same futures | 20260901 |
Every answer given on the client form, under the form's own headings and in its own words, then what the projection starts from, and a check that the balances and pay typed are what it starts from.
| Typed on the form | The projection starts from |
|---|---|
| CashWhat you hold: Cash and deposits (€): €14,000.00 | €14,000.00 ✓ agrees |
| Pension potWhat you hold: Pension pot (€): €38,000.00 | €38,000.00 ✓ agrees |
| ETFsWhat you hold: Funds and ETFs (€): €0.00 | €0.00 ✓ agrees |
| Mortgage outstandingThe home: Balance today (€): €95,000.00 | €95,000.00 ✓ agrees |
| A month's payIncome and retirement: Gross salary (€/yr) (a twelfth of it, a month's pay): €3,833.33 | €3,833.33 ✓ agrees |
| Name | Maeve Kinsella |
| Month you were born | January |
| Year you were born | 1972 |
| Living together, not married | Yes |
| Life expectancy | female |
| Your age at the start | 54 |
| Your partner's age at the start | 57 |
| Gross salary (€/yr) | €46,000 |
| Pension contribution (% of salary) | 12% |
| Retire at | 66 |
| Pension invested 1 | Your pension, from now: 60% equities, 40% government bonds; charges 0.75% a year |
| Pension invested 2 | Your partner's pension, from now: 60% equities, 40% government bonds; charges 0.75% a year |
| Pension invested 3 | Your auto-enrolment fund, from now: 70% equities, 30% government bonds; charges 0.75% a year |
| Years with your current employer | 9 |
| Their salary (€/yr) | €64,000 |
| Your partner retires at | 65 |
| Month your partner was born | January |
| Year your partner was born | 1969 |
| Your partner's name | Ruairí Doyle |
| Their sex, for life expectancy | male |
| Their years with their current employer | 24 |
| Their pension pot (€) | €210,000 |
| Their pension contribution (% of their salary) | 6% |
| Their employer's contribution (% of their salary) | 8% |
| One of you alone would need this much of today's essential spending (%) | 70% |
| Together at least 5 years (2 with children together) | Yes |
| Each of you keeps your own pay, rather than pooling it | Yes |
| Cash and deposits (€) | €14,000 |
| Fund 1 | Global equity ETF: 100% equities; charges 0.22% a year; exit tax, with a deemed disposal every eight years |
| Pension pot (€) | €38,000 |
| Market value (€) | €360,000 |
| Balance today (€) | €95,000 |
| Interest rate (%) | 3.7% |
| Years left to run | 11 |
| Paid a Bereaved Partner's Pension | No |
| What the home cost (€) | €230,000 |
| The home's local authority (council) | Cork County Council |
| Who owns the home | joint |
| Auto-enrolment (My Future Fund) | Yes |
| Property 1 | Rental, worth €230,000, cost €150,000, rent a month €1,250, mortgage €40,000, at 4.2%, years left on the mortgage 8, costs against the rent a month €150, furniture and fittings €8,000, time it was your home 0%, owned by partner, years owned so far 10 |
| Essential living costs (€/yr) | €36,000 |
| Other spending (% of take-home pay) | 7% |
| Married or civil partners | No |
| Employer's contribution (% of salary) | 0% |
| State Pension starts at | 66 |
| Your State Pension | full |
| Shares held directly (€) | €0 |
| Funds and ETFs (€) | €0 |
| Government bonds (€) | €0 |
| Corporate bonds (€) | €0 |
| Index-linked bonds (€) | €0 |
| Private equity (€) | €0 |
| Crypto (€) | €0 |
| Art and collectibles (€) | €0 |
| The mortgage rate is fixed | No |
| Today's rate holds for (years) | 3 |
| Amount borrowed (€) | €0 |
| Original term (years) | 0 |
| Years paid so far | 0 |
| Room rent (€/mo) | €0 |
| That rent qualifies for the Rent Tax Credit | Yes |
| You are blind or severely sight-impaired | No |
| Your partner is blind or severely sight-impaired | No |
| You own a trained guide dog | No |
| Your partner owns a trained guide dog | No |
| Years since widowed | Not widowed |
| Redundancy at age | None expected |
| Statutory redundancy (€) | €0 |
| Ex-gratia payment (€) | €0 |
| Tax-free pension lump sum already taken (€) | €0 |
| Maintains a dependent relative | No |
| That relative's own income (€/yr) | €0 |
| Looks after an adult at home (65 or over, or incapacitated) | No |
| Health insurance premium (€/yr) | €0 |
| Adults on the policy | 1 |
| Children on the policy | 0 |
| Health costs paid for a relative (€/yr) | €0 |
| Paid until your age | Your age then |
| These are nursing-home fees | No |
| Foreign income (€/mo) | €0 |
| What it is | employment |
| Foreign rent (€/mo) | €0 |
| Foreign rent costs (€/mo) | €0 |
| Tax paid abroad on the rent (€/mo) | €0 |
| Tax paid abroad on that income (€/mo) | €0 |
| Domiciled in Ireland | Yes |
| Foreign income taxed only as it is brought into Ireland (the remittance basis) | No |
| Your kind of work | other |
| Their kind of work | other |
| Your partner is in good health | Yes |
| Your partner is self-employed | No |
| Your partner is a director of their own company | No |
| PRSI class on their pay | A |
| Your partner has a full medical card | No |
| Your partner is auto-enrolled (My Future Fund) | No |
| Their redundancy, at their age | None expected |
| Their statutory redundancy (€) | €0 |
| Their ex-gratia payment (€) | €0 |
| Tax-free pension lump sum they have already taken (€) | €0 |
| A business of theirs to sell, in today's money (€) | €0 |
| Their business: what it cost (€) | €0 |
| Their business: sold at their age | Never |
| Their income from abroad (€/mo) | €0 |
| What it is | employment |
| Tax paid abroad on their income (€/mo) | €0 |
| Already received by them from a parent (€) | €0 |
| Already received by them from a close relative (€) | €0 |
| Already received by them from anyone else (€) | €0 |
| Annuity bought with this share of their pot (%) | 0% |
| Their annuity's increase each year (%) | 0% |
| Their annuity paid on to you if they die first (%) | 0% |
| Their State Pension | full |
| Their State Pension starts at | 66 |
| Their tax-free lump sum (% of their pension) | 25% |
| Tax-free lump sums they have already taken, from any pension (€) | €0 |
| Their defined-benefit pension (€ a year, today's money) | €0 |
| It starts at their | No such pension |
| Already being paid to them | No |
| Its lump sum when it starts | none |
| The lump sum (€, today's money) | €0 |
| Pension given up for it (€ a year) | €0 |
| Once paid, it rises | prices |
| By this much a year (%) | 0% |
| The scheme pays it to an unmarried partner | No |
| Share of it earned before 2014 (%) | 0% |
| You have a child together | No |
| Your share of the home (%) | 50% |
| Emergency fund (months of essentials) | 6 |
| Move if money runs short | No |
| Not before age | Any age |
| When money runs short, draw first from | investments |
| Keep funds and ETFs until the rest is spent | No |
| Pause pension contributions from pay when cash is tight | No |
| Your spending falls as you age in retirement | No |
| Say when a move leaves property this far over your weighting (points) | 10% |
| Grow tax bands with wages (recommended) | Yes |
| Allow for future changes to tax rates | No |
| Future inheritance tax-free limits (% of today's) | 100% |
| Already received from a parent (€) | €0 |
| Already received from a close relative (€) | €0 |
| Already received from anyone else (€) | €0 |
| Tax-free lump sum (% of the pension) | 25% |
| Tax-free lump sums already taken, from any pension (€) | €0 |
| Annuity bought with this share of the pot (%) | 0% |
| Annuity increase each year (%) | 0% |
| Annuity paid on to your partner if you die first (%) | 0% |
| Defined-benefit pension (€ a year, today's money) | €0 |
| It starts at | No such pension |
| Already being paid | No |
| Its lump sum when it starts | none |
| The lump sum (€, today's money) | €0 |
| Pension given up for it (€ a year) | €0 |
| Once paid, it rises | prices |
| By this much a year (%) | 0% |
| The scheme pays it to an unmarried partner | No |
| Share of it earned before 2014 (%) | 0% |
| Typical big repair (€) | €20,000 |
| A business to sell, in today's money (€) | €0 |
| Business: what it cost (€) | €0 |
| Business: sold at age | Never |
| Rent paid (€/mo) | €0 |
| Full medical card | No |
| Self-employed | No |
| A director of my own company | No |
| PRSI class on your pay | A |
| You would cut back if things went badly | Yes |
| Let the model adjust risk each year | No |
| Extras given up when money is stretched (%) | 30% |
| Extras given up in a real crisis (%) | 60% |
| Essentials you could trim in a crisis (%) | 0% |
| Only trade when a holding drifts this far from target (%) | The model's own, 5% |
| Cash | €14,000.00 |
| Pension pot | €38,000.00 |
| Mortgage outstanding | €95,000.00 |
| A month's pay | €3,833.33 |
| Your partner's pension pot | €210,000.00 |
| The short-term interest rate | 2.50% |
| Inflation, a year | 3.70% |
| The dividend yield on shares | 1.50% |
| How much share prices swing, a year (their volatility) | 12.2% |
| Dollars to the euro | 1.08 |
| Health costs, an index starting at 1 | 1 |
| Service costs, an index starting at 1 | 1 |
| Property upkeep, a share of its value a year | 0.75% |
Every rate, band, credit and threshold in law that the workings in section 3 use for this household: what it is, the law or publication it comes from beneath it, and the value this projection used. Under each tax, folded away, are its other rules, which nothing in this household's life called on, so a missing credit can still be looked for. Amber: a value this projection was told to change.
| Rule | This run |
|---|---|
| Standard rate of income taxFinance Act 2025 | 20% |
| Higher rate of income taxFinance Act 2025 | 40% |
| Standard rate band, a single personTCA 1997 s.15 Table Pt 1 (Finance Act 2024 s.3(a), 2025 on) | €44,000 |
| Personal and Employee Tax Credits, a single personTCA 1997 s.461(c) + s.472(4) (Finance Act 2024 s.3(b)(iii), (h), 2025 on) | €4,000 |
| Employee Tax CreditTCA 1997 s.472(4) (Finance Act 2024 s.3(h), 2025 on) | €2,000 |
| Employee Tax Credit: never more than this share of the earner's payTCA 1997 s.472(4) | 20% |
| Earned Income Tax Credit, for the self-employedTCA 1997 s.472AB | €2,000 |
| Pension relief: most earnings it is given onTCA 1997 s.790A | €115,000 |
| Pension relief limit, 50 to 54TCA 1997 s.774 | 30% |
| Pension relief limit, 55 to 59TCA 1997 s.774 | 35% |
| Pension relief limit, 60 and overTCA 1997 s.774 | 40% |
| Rule | This run |
|---|---|
| Standard rate band, a single parentRevenue, Tax rates, bands and reliefs (2026); TCA 1997 s.15 | €48,000 |
| Standard rate band, a married coupleTCA 1997 s.15 Table Pt 3 (Finance Act 2024 s.3(a), 2025 on) | €53,000 |
| Most a married couple's band rises by, from the second incomeRevenue | €35,000 |
| Personal and Employee Tax Credits, a married couple with two incomesTCA 1997 s.461(a) + 2 x s.472(4) (Finance Act 2024 s.3(b)(i), (h), 2025 on) | €8,000 |
| Age Tax Credit: from ageTCA 1997 s.464 | 65 |
| Age Tax Credit, a single personTCA 1997 s.464; Revenue Age Tax Credit, 2026 | €245 |
| Age Tax Credit, a married coupleTCA 1997 s.464 | €490 |
| Blind Person's Tax CreditTCA 1997 s.468; Revenue TDM Part 15-01-31 | €1,950 |
| Dependent Relative Tax CreditTCA 1997 s.466; Revenue 2026 rates | €305 |
| Dependent Relative Tax Credit: not given if the relative's own income is overTCA 1997 s.466(2); Revenue Dependant Relative Tax Credit, 2026 | €18,548 |
| Home Carer Tax CreditTCA 1997 s.466A; Revenue TDM 15-01-29 | €1,950 |
| Home Carer Tax Credit: given in full while the carer's own income is underTCA 1997 s.466A(6); Revenue TDM 15-01-29 | €7,200 |
| Home Carer Tax Credit: above that, it falls byTCA 1997 s.466A(6) | €1 for every €2 |
| Incapacitated Child Tax Credit, each childTCA 1997 s.465; Revenue Incapacitated Child Tax Credit | €3,800 |
| Single Person Child Carer Tax CreditTCA 1997 s.462B; Revenue TDM 15-01-41 | €1,900 |
| Single Person Child Carer Tax Credit: a child underTCA 1997 s.462B, s.188(2A) | 18 |
| Rent Tax Credit, most a single person can claimTCA 1997 s.473B; Revenue Rent Tax Credit | €1,000 |
| Rent Tax Credit, most a married couple can claimTCA 1997 s.473B | €2,000 |
| Rent Tax Credit: this share of the rent paidTCA 1997 s.473B | 20% |
| Rent Tax Credit: the last year it is givenTCA 1997 s.473B (Finance Act 2025 s.3) | 2028 |
| Widowed Person's Tax Credit, with no childTCA 1997 s.461(c), s.461A | €2,540 |
| Widowed Person's Tax Credit, with a childTCA 1997 s.461; Revenue Personal Tax Credit table 2026 | €2,000 |
| A widowed person's credits in the year of the deathTCA 1997 s.461(b); FA 2001 Sch.1; F(No.3)A 2011 Sch.1 refs 69-70; FA 2024 s.3(b)(ii) | €4,000 |
| Widowed Parent Tax Credit, the first year after the deathTCA 1997 s.463 | €3,600 |
| Widowed Parent Tax Credit: falls each year byTCA 1997 s.463 | €450 |
| Widowed Parent Tax Credit: given forTCA 1997 s.463 | 5 years |
| Pension relief limit under 30, a share of earningsTCA 1997 s.774 | 15% |
| Pension relief limit, 30 to 39TCA 1997 s.774 | 20% |
| Pension relief limit, 40 to 49TCA 1997 s.774 | 25% |
| Rule | This run |
|---|---|
| USC: nothing is charged on a year's income up toTCA 1997 s.531AM(2), as Finance Act 2015 s.2 set it | €13,000 |
| USC first band, up toFinance Act 2025 | €12,012 |
| USC rate, first bandFinance Act 2025 | 0.5% |
| USC second band, up toFinance Act 2025 | €28,700 |
| USC rate, second bandFinance Act 2025 | 2% |
| USC third band, up toFinance Act 2025 | €70,044 |
| USC rate, third bandFinance Act 2025 | 3% |
| USC rate above the third bandFinance Act 2025 | 8% |
| USC reduced rates: only on a year's income up toTCA 1997 s.531AN(1)(b) and (3); Finance Act 2025 | €60,000 |
| USC reduced rate above the first bandFinance Act 2025 | 2% |
| Rule | This run |
|---|---|
| USC reduced rates: from ageTCA 1997 s.531AN(1)(b) (Finance Act 2013 s.3: "aged 70 years or over at any time during the tax year") | 70 |
| USC reduced rates for a medical card holder: the last yearTCA 1997 s.531AN(4) (Revenue, Notes for Guidance, TCA 1997 Part 18D, Finance Act 2025 edition: "shall cease to have effect from the year of assessment 2028 onwards") | 2027 |
| USC surcharge: on income outside a payroll overTCA 1997 s.531AN(2); Revenue TDM Part 18D-00-01 | €100,000 |
| USC surcharge rateTCA 1997 s.531AN(2); Revenue TDM Part 18D-00-01 | 3% |
| Rule | This run |
|---|---|
| PRSI Classes A and S, before October 2026DSP PRSI Contribution Rates 2026 (SW 14), Class A and Class S tables | 4.2% |
| PRSI Classes A and S, from October 2026Social Welfare Consolidation Act 2005 s.13(2)(b) and s.21(1)(a), as amended by the Social Welfare (Miscellaneous Provisions) Act 2024 s.3(3); DSP 2026 | 4.35% |
| PRSI Classes A and S, from October 2027Social Welfare Consolidation Act 2005 s.13(2)(b) and (d) and s.21(1)(a), as amended by the Social Welfare (Miscellaneous Provisions) Act 2024 s.3(4) and Table col. (7), from 1 October 2027 | 4.5% |
| PRSI Classes A and S, from October 2028Social Welfare Consolidation Act 2005 s.13(2)(b) and (d) and s.21(1)(a), as amended by the Social Welfare (Miscellaneous Provisions) Act 2024 s.3(5) and Table col. (8), from 1 October 2028 | 4.7% |
| PRSI Class A: nothing on weekly pay up toDSP 2026 | €352 |
| PRSI credit: the most a weekDSP PRSI Class A; SW14 | €12 |
| PRSI credit: starts to fall at weekly pay ofSocial Welfare Consolidation Act 2005 s.13(2)(b); DSP SW14 | €352.01 |
| PRSI credit: falls byDSP PRSI Class A; SW14 | €1 for every €6 |
| PRSI credit: none on weekly pay overDSP PRSI Class A; SW14 | €424 |
| PRSI Class S: nothing on a year's income up toDSP 2026 | €5,000 |
| PRSI Class S: the least paid in a yearDSP 2026 | €650 |
| PRSI on rent and other unearned income: nothing on a year's up toDSP PRSI Contribution Rates and User Guide 2026 (SW 14), Class K; Revenue, PRSI on unearned income | €5,000 |
| PRSI on rent and other unearned income: due on any of it where the year's gross is overTCA 1997 s.959B(1)(a) (Revenue, Notes for Guidance, TCA 1997 Part 41A, Finance Act 2025 edition: gross non-PAYE income that does not exceed EUR30,000); SWCA 2005 s.30F(1A) | €30,000 |
| PRSI: none from age, on the State Pension or born before the year belowSWCA 2005 s.12(1)(a)(ii), s.20(1)(a)(ii), s.30E(1A); DSP SW 14 2026, pp.4 and 23 | 66 |
| PRSI: none from age, otherwiseSWCA 2005 s.12(1)(a)(ii), s.20(1)(a)(ii), s.30E(1A), Sch.1 Pt.3 para 4 (Social Welfare (Miscellaneous Provisions) Act 2023, from 1 January 2024); DSP SW 14 2026, pp.4 and 23 | 70 |
| Rule | This run |
|---|---|
| PRSI Classes B, C and D: the lower rate on this much of a week's payDSP SW14 (January 2026), Classes B, C and D (subclass B1: first EUR1,443) | €1,443 |
| PRSI Classes B, C and D, the lower rate, before October 2026S.I. 534/2024 art.4, Table col. (5), S.I. 312/1996 art.81(2)(a)(i)(I), 82(2)(a)(i)(I), 83(2)(a)(i)(I); DSP SW14 (January 2026) | 1.1% |
| PRSI Classes B, C and D, the lower rate, from October 2026S.I. 534/2024 art.4, Table col. (6), S.I. 312/1996 art.81(2)(a)(i)(I), 82(2)(a)(i)(I), 83(2)(a)(i)(I); DSP SW14 (January 2026) | 1.25% |
| PRSI Classes B, C and D, the lower rate, from October 2027S.I. 534/2024 art.4, Table col. (7), S.I. 312/1996 art.81(2)(a)(i)(I), 82(2)(a)(i)(I), 83(2)(a)(i)(I); DSP SW14 (January 2026) | 1.4% |
| PRSI Classes B, C and D, the lower rate, from October 2028S.I. 534/2024 art.4, Table col. (8), S.I. 312/1996 art.81(2)(a)(i)(I), 82(2)(a)(i)(I), 83(2)(a)(i)(I); DSP SW14 (January 2026) | 1.6% |
| PRSI Class E, before October 2026S.I. 534/2024 art.4, Table col. (5), S.I. 312/1996 art.86(2)(a)(i); DSP SW14 (January 2026) | 3.53% |
| PRSI Class E, from October 2026S.I. 534/2024 art.4, Table col. (6), S.I. 312/1996 art.86(2)(a)(i); DSP SW14 (January 2026) | 3.68% |
| PRSI Class E, from October 2027S.I. 534/2024 art.4, Table col. (7), S.I. 312/1996 art.86(2)(a)(i); DSP SW14 (January 2026) | 3.83% |
| PRSI Class E, from October 2028S.I. 534/2024 art.4, Table col. (8), S.I. 312/1996 art.86(2)(a)(i); DSP SW14 (January 2026) | 4.03% |
| PRSI Class E credit: the most a weekDSP SW14 (January 2026), Class E: a tapered employee PRSI credit of EUR10 a week | €10 |
| PRSI Class E credit: none on weekly pay overDSP SW14 (January 2026), Class E: on earnings of up to EUR412 | €412 |
| PRSI Class H, before October 2026S.I. 534/2024 art.4, Table col. (5), S.I. 312/1996 art.87(2)(a)(i); DSP SW14 (January 2026) | 4.1% |
| PRSI Class H, from October 2026S.I. 534/2024 art.4, Table col. (6), S.I. 312/1996 art.87(2)(a)(i); DSP SW14 (January 2026) | 4.25% |
| PRSI Class H, from October 2027S.I. 534/2024 art.4, Table col. (7), S.I. 312/1996 art.87(2)(a)(i); DSP SW14 (January 2026) | 4.4% |
| PRSI Class H, from October 2028S.I. 534/2024 art.4, Table col. (8), S.I. 312/1996 art.87(2)(a)(i); DSP SW14 (January 2026) | 4.6% |
| PRSI on income outside a payroll, the year's rateDSP PRSI Contribution Rates 2026 (SW 14), Class S | 4.238% |
| PRSI to the later age: born in this year or afterSWCA 2005 s.12(1)(a)(ii), s.20(1)(a)(ii) | 1958 |
| Rule | This run |
|---|---|
| A pension lump sum: tax-free over a lifetime up toTCA 1997 s.790AA(3); Finance Act 2025 | €200,000 |
| Then at the standard rate up toTCA 1997 s.790AA(3) | €500,000 |
| The rate on that partTCA 1997 s.790AA(3)(b)(i) | 20% |
| Rule | This run |
|---|---|
| The limits grow with wagesTCA 1997 s.790AA; Finance Act 2024 | No |
| Standard Fund Threshold, 2026TCA 1997 s.787O(1) as amended by FA 2024; Revenue Pensions Manual Ch.25 | €2,200,000 |
| Standard Fund Threshold, 2027TCA 1997 s.787O(1) as amended by FA 2024 | €2,400,000 |
| Standard Fund Threshold, 2028TCA 1997 s.787O(1) as amended by FA 2024 | €2,600,000 |
| Standard Fund Threshold, 2029 onTCA 1997 s.787O(1) as amended by FA 2024 | €2,800,000 |
| Tax on the excess over it (chargeable excess tax)TCA 1997 s.787Q, s.787R; Revenue Pensions Manual Ch.25 | 40% |
| From 2030 it follows earnings, set each year, never below the year before'sTCA 1997 s.787O(1) as amended by FA 2024 (from 2030, average weekly earnings) | Yes |
| Average weekly earnings, first quarter of 2025 (CSO): what 2030's figure is measured fromTCA 1997 s.787O(1)(f) as amended by FA 2024 s.13; CSO EHQ03 (Earnings, Hours and Employment Costs Survey), Average Weekly Earnings, all NACE sectors, all employees, 2025Q1 | €1,029.81 |
| Average weekly earnings, third quarter of 2025 (CSO): what later earnings are grown fromCSO EHQ03, Average Weekly Earnings, all NACE sectors, all employees, 2025Q3 | €996.10 |
| Earnings growth a year from then to the plan's start (CSO)CSO EHQ03, average weekly earnings excluding irregular earnings, all NACE sectors, all employees, 2026Q2 over 2025Q2 (980.55 / 947.99), a series without the bonus quarters' swing | 3.435% |
None of these was called on in this household's life.
| Rule | This run |
|---|---|
| Exit tax on a fund's gainFinance Act 2025; TCA 1997 s.739B | 38% |
| A deemed disposal everyTCA 1997 s.739B(1), chargeable event (ccc) | 96 months |
| The highest exit rate a deemed disposal before the plan can have charged (2014 to 2025)Revenue, Notes for Guidance TCA 1997 Part 27, Finance Act 2025 edition, s.739E Table 1(b) | 41% |
None of these was called on in this household's life.
| Rule | This run |
|---|---|
| Capital gains tax, before October 2026Finance Act 2025 | 33% |
| Capital gains tax, from October 2026TCA 1997 s.28(3) as the Financial Resolution of 7 October 2026, in force under the Provisional Collection of Taxes Act 1927 s.2, from 7 October 2026 (Revenue, How to calculate CGT: 31% for most gains, 33% to 6 October 2026) | 31% |
| The annual exemption, each person'sTCA 1997 s.601; Revenue, How to calculate CGT | €1,270 |
| Rule | This run |
|---|---|
| Above the limit, the tax at most this rate on the excess (marginal relief)TCA 1997 s.188(5); Revenue, Marginal relief | 40% |
| Health expenses reliefTCA 1997 s.469(2); Revenue IT6 | 20% |
| Rule | This run |
|---|---|
| Tuition fees relief: each student's fees counted up toTCA 1997 s.473A; Revenue, Tuition fees paid for third level education ('The maximum amount you can claim is EUR7,000 per course, per person, per academic year', read 2026-10-22) | €7,000 |
| Tuition fees relief: each claim's fees lessTCA 1997 s.473A; Revenue, Tuition fees paid for third level education ('a single disregard amount of EUR3,000 for full-time students ... each tax year', read 2026-10-22) | €3,000 |
| The age exemption from income tax applies from (s.188)TCA 1997 s.188(3) ("at some time during the year of assessment", "the age of 65 years or over") | 65 |
| Its income limit, singleTCA 1997 s.188; Revenue, Exemption limits (2026) | €18,000 |
| Its income limit, marriedTCA 1997 s.188; Revenue, Exemption limits (2026) | €36,000 |
| Raised for each of the first two qualifying childrenTCA 1997 s.188; Revenue, Exemption limits (2026) | €575 |
| Raised for each child after the secondTCA 1997 s.188; Revenue, Exemption limits (2026) | €830 |
| Rule | This run |
|---|---|
| Capital Acquisitions TaxCATCA 2003 | 33% |
| Rule | This run |
|---|---|
| Lifetime threshold, group A (from a parent), before October 2026CATCA 2003 Sch.2 Pt 1 para 1, 'group threshold' (a) (Finance Act 2024 s.99, from 2 October 2024) | €400,000 |
| Lifetime threshold, group A, from October 2026CATCA 2003 Sch.2 Pt 1 para 1, 'group threshold' (a), from 7 October 2026 (Financial Resolution of 7 October 2026, in force under the Provisional Collection of Taxes Act 1927 s.2; Revenue CAT Manual Sch.2, October 2026) | €420,000 |
| Lifetime threshold, group B (from a brother, sister, aunt, uncle or grandparent, or to a parent from a child), before October 2026CATCA 2003 Sch.2 Pt 1 para 1, 'group threshold' (b) (Finance Act 2024 s.99, from 2 October 2024) | €40,000 |
| Lifetime threshold, group B, from October 2026CATCA 2003 Sch.2 Pt 1 para 1, 'group threshold' (b), from 7 October 2026 (Financial Resolution of 7 October 2026, in force under the Provisional Collection of Taxes Act 1927 s.2; Revenue CAT Manual Sch.2, October 2026) | €44,000 |
| Lifetime threshold, group C (from anyone else), before October 2026CATCA 2003 Sch.2 Pt 1 para 1, 'group threshold' (c) (Finance Act 2024 s.99, from 2 October 2024) | €20,000 |
| Lifetime threshold, group C, from October 2026CATCA 2003 Sch.2 Pt 1 para 1, 'group threshold' (c), from 7 October 2026 (Financial Resolution of 7 October 2026, in force under the Provisional Collection of Taxes Act 1927 s.2; Revenue CAT Manual Sch.2, October 2026) | €22,000 |
| Future thresholds, a share of today'sRevenue CAT threshold history 2009-2026 | 100% |
| Small gifts free of CAT, each giver each yearCATCA 2003 s.69 | €3,000 |
| Rule | This run |
|---|---|
| Income tax on income outside a payroll, within the standard rate bandthe model's own convention | 20% |
| Income tax on income outside a payroll, above the bandthe model's own convention | 40% |
| DIRT on deposit interestTCA 1997 s.256 (Revenue, Notes for Guidance Part 8: 33% since 1 January 2020) | 33% |
| Rule | This run |
|---|---|
| Renting a room: tax-free up to this a year; over it, all of it is taxed (s.216A)s.216A TCA 1997 | €14,000 |
| Renting a room: a flat rate over the limit, where the plan sets ones.216A TCA 1997; Revenue, Rent-a-room relief | 40% |
| Rule | This run |
|---|---|
| LPT on a property's value up to the first thresholdFinance (Local Property Tax) (Amendment) Act 2025; Revenue LPT valuation bands 2026-2030 | 0.0906% |
| LPT's first thresholdRevenue LPT valuation bands 2026-2030 | €1,260,000 |
| LPT on the value from there to the second thresholdRevenue LPT valuation bands 2026-2030 | 0.25% |
| LPT's second thresholdRevenue LPT valuation bands and rates 2026-2030 | €2,100,000 |
| LPT on the value above itRevenue LPT valuation bands and rates 2026-2030 | 0.3% |
| LPT valuation band 1: up toLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €240,000 |
| LPT in band 1, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €95 |
| LPT valuation band 2: up toLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €315,000 |
| LPT in band 2, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €235 |
| LPT bands 3 to 19: each this wideLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €105,000 |
| LPT in band 3, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €333 |
| LPT in band 4, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €428 |
| Rule | This run |
|---|---|
| LPT's valuation date: 1 November ofLPT Act 2012 s.13(2)(c), as amended by s.6 of the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue LPT valuation date 1 November 2025 | 2025 |
| LPT in band 5, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €523 |
| LPT in band 6, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €618 |
| LPT in band 7, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €713 |
| LPT in band 8, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €808 |
| LPT in band 9, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €903 |
| LPT in band 10, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €998 |
| LPT in band 11, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €1,094 |
| LPT in band 12, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €1,272 |
| LPT in band 13, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €1,535 |
| LPT in band 14, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €1,797 |
| LPT in band 15, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €2,060 |
| LPT in band 16, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €2,322 |
| LPT in band 17, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €2,585 |
| LPT in band 18, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €2,847 |
| LPT in band 19, a yearLPT Act 2012 s.17 (the valuation bands and basic rates), as amended by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025; Revenue, LPT valuation bands and rates 2026-2030 (revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx) | €3,110 |
| LPT: each valuation date governsLPT Act 2012 s.13(2)(c), (d), as amended by s.6 of the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025 | 5 years |
| LPT local adjustment, Carlow County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Cavan County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Clare County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Cork City CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 12% |
| LPT local adjustment, Cork County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Donegal County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Dublin City CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 0% |
| LPT local adjustment, Dún Laoghaire-Rathdown County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | -15% |
| LPT local adjustment, Fingal County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | -5% |
| LPT local adjustment, Galway City CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Galway County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Kerry County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 10% |
| LPT local adjustment, Kildare County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 10% |
| LPT local adjustment, Kilkenny County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Laois County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Leitrim County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Limerick City and County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Longford County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Louth County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 0% |
| LPT local adjustment, Mayo County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 10% |
| LPT local adjustment, Meath County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 0% |
| LPT local adjustment, Monaghan County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Offaly County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Roscommon County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Sligo County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, South Dublin County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | -7.5% |
| LPT local adjustment, Tipperary County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Waterford City and County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Westmeath County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Wexford County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 15% |
| LPT local adjustment, Wicklow County CouncilRevenue, LPT valuation bands and rates, the table 'Local Authority percentage increase or decrease on the base rate of LPT' (published 8 April 2026), https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx; LPT Act 2012 s.20(3), (5) (up to 15% either way) | 6% |
None of these was called on in this household's life.
| Rule | This run |
|---|---|
| Tax-free on a termination payment: the basic exemption (s.201)TCA 1997 s.201(5) and Sch.3 para.6 | €10,160 |
| And for each complete year of serviceTCA 1997 Sch.3 para.6 | €765 |
| The increased exemption, added to the basic, less a pension lump sumTCA 1997 Sch.3 para.8 | €10,000 |
| SCSB: a year's average pay times the years of service, divided byTCA 1997 Sch.3 para.10 | 15 |
| The most a lifetime's termination payments can have tax-freeTCA 1997 s.201(8) | €200,000 |
| Rule | This run |
|---|---|
| The plan's first yearthe model's own convention | 2026 |
How a year's tax runs in the engine, in the order it charges each tax, which is the order of an Irish tax year: the payroll each month, the income outside it as it arises, the year settled in December, and the taxes with returns of their own when they fall due. The taxes worked so far follow: each with a chart of how it is worked out, then every month checked and two months worked in full. Each figure is shown to the cent, and each step works from the figures before it unrounded, so redoing a step from the rounded figures shown can differ by a cent.
Income tax on pay and pensions is taken by the employer or pension payer each month, on the whole year so far (the cumulative basis, S.I. 345/2018). Each month the year's pay so far is scaled up to a full year; that is taxed at 20% up to the standard rate band and 40% above it (TCA 1997 s.15); the year's tax credits come off (personal, employee and any others the household qualifies for, TCA 1997 Part 15); and the share of that tax for the months so far is due, less what the months before took. Pension contributions come off the pay first, up to a share of earnings that rises with age, on earnings up to €115,000 (s.774, s.790A). A married couple is taxed together (s.1017): each month is a twelfth of their joint tax for a year at that month's pay, and December settles the year. A partner who is not married is taxed alone. The tax on rent, dividends and other income outside a payroll is settled at the year's end under its own heading, not here.
The client's payroll: how it is worked out
The joint return (s.1017): how it is worked out
| Over the life, in euro of the day | €124,750.04 |
| In today's money (each month by its own price level) | €110,984.90 |
| Months of the life with a charge (not nil) | 195 of 476 |
| Months a payroll runs, a month it comes to nil included, each worked out again step by step to the cent | 475 of 475 ✓ agrees |
| Worked step by step | €124,750.04 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| Retired: pensions through the payroll: nil, the credits covering it | 280 |
| Pay with a pension contribution, and the partner's own return | 111 |
| Retired: pensions through the payroll, and the partner's own return: nil, the credits covering it | 56 |
| Retired: pensions through the payroll, and the partner's own return: a refund | 12 |
| Pay with a pension contribution, and the partner's own return: January | 10 |
| Pay with a pension contribution, and the partner's own return: nil, the credits covering it | 4 |
| Pay with a pension contribution, and the partner's own return; the partner's year settled in December | 1 |
| Retired: pensions through the payroll, and the partner's own return: January | 1 |
The case: pay with a pension contribution, and the partner's own return
The client's payroll
| Step | Working | € of the day |
|---|---|---|
| Pay and pensions through the payroll this month | €3,853.02 | |
| The year so far, before this month | €19,230.90 | |
| The year so far, this month included | €19,230.90 + €3,853.02 | €23,083.92 |
| Made a year's: scaled up from the 6 months so far | €23,083.92 × 12 ÷ 6 | €46,167.85 |
| The earnings pension relief is given on (net relevant earnings) | €46,167.85 − €0.00 | €46,167.85 |
| The year's contributions through the payroll so far, each at its month's rate, made a year's | €2,770.07 × 12 ÷ 6 | €5,540.14 |
| Pension contribution | €5,540.14 | |
| Its relief limit at age 54, its age band's share of pay up to the earnings cap of €115,000.00 | 30% × €46,167.85 | €13,850.35 |
| Pension relief, the lower of the two | €5,540.14 | |
| Taxable pay, a year's | €46,167.85 − €5,540.14 | €40,627.71 |
| Standard rate band | €44,000.00 | |
| Tax at 20% | €40,627.71 × 20% | €8,125.54 |
| Tax at 40% | €0.00 × 40% | €0.00 |
| Tax before credits | €8,125.54 | |
| Credit: personal (single, s.461(c)) | €2,000.00 | |
| Credit: employee (s.472) | the lower of 20% × €46,167.85 and €2,000.00 | €2,000.00 |
| Credits in all | €4,000.00 | |
| The year's tax at this rate of pay, never below nil | €8,125.54 − €4,000.00 | €4,125.54 |
| Due on the 6 months so far | €4,125.54 × 6 ÷ 12 | €2,062.77 |
| Less what this calculation deducted in the months before: its own running total, the other charges added to it apart (in the data file: The payroll's own PAYE so far this tax year) | €1,717.97 | |
| This month's payroll PAYE (negative: a refund through the payroll) | €2,062.77 − €1,717.97 | €344.80 |
| Check | EUR | |
|---|---|---|
| The steps above | €344.80 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €344.80 | ✓ agrees |
The partner's own return, assessed on their own
| Step | Working | € of the day |
|---|---|---|
| The partner's pay and pensions, a year at this month's | €64,328.75 | |
| The partner's pension contribution | €3,859.72 | |
| The partner's relief limit at age 57, its age band's share of pay up to the earnings cap of €115,000.00 | 35% × €64,328.75 | €22,515.06 |
| The partner's pension relief, the lower of the two | €3,859.72 | |
| Their income for their own return | €64,328.75 − €3,859.72 | €60,469.02 |
| Their own band | €44,000.00 | |
| Tax at 20% | €44,000.00 × 20% | €8,800.00 |
| Tax at 40% | €16,469.02 × 40% | €6,587.61 |
| Tax before credits | €15,387.61 | |
| Credit: personal (single, s.461(c)): the single credits less the employee credit included in them | €4,000.00 − 1 × €2,000.00 | €2,000.00 |
| Credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €64,328.75 and €2,000.00 | €2,000.00 |
| Credits in all | €4,000.00 | |
| Their tax for a year at this month's figures, never below nil | €15,387.61 − €4,000.00 | €11,387.61 |
| This month's, a twelfth | €11,387.61 ÷ 12 | €948.97 |
| Check | EUR | |
|---|---|---|
| The steps above | €948.97 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €948.97 | ✓ agrees |
| What the projection charged this month, row 6 of the data file: the parts and other charges above | €1,293.77 | ✓ agrees |
The case: pay with a pension contribution, and the partner's own return; the partner's year settled in December
The client's payroll
| Step | Working | € of the day |
|---|---|---|
| Pay and pensions through the payroll this month | €4,059.69 | |
| The year so far, before this month | €45,300.50 | |
| The year so far, this month included | €45,300.50 + €4,059.69 | €49,360.18 |
| Made a year's: scaled up from the 12 months so far | €49,360.18 × 12 ÷ 12 | €49,360.18 |
| The earnings pension relief is given on (net relevant earnings) | €49,360.18 − €0.00 | €49,360.18 |
| The year's contributions through the payroll so far, each at its month's rate, made a year's | €5,923.22 × 12 ÷ 12 | €5,923.22 |
| Pension contribution | €5,923.22 | |
| Its relief limit at age 58, its age band's share of pay up to the earnings cap of €121,809.91 | 35% × €49,360.18 | €17,276.06 |
| Pension relief, the lower of the two | €5,923.22 | |
| Taxable pay, a year's | €49,360.18 − €5,923.22 | €43,436.96 |
| Standard rate band | €44,000.00 × 1.059216606, the bands' growth with wages | €46,605.53 |
| Tax at 20% | €43,436.96 × 20% | €8,687.39 |
| Tax at 40% | €0.00 × 40% | €0.00 |
| Tax before credits | €8,687.39 | |
| Credit: personal (single, s.461(c)) | €2,118.43 | |
| Credit: employee (s.472) | the lower of 20% × €49,360.18 and €2,118.43 | €2,118.43 |
| Credits in all | €4,236.87 | |
| The year's tax at this rate of pay, never below nil | €8,687.39 − €4,236.87 | €4,450.53 |
| Due on the 12 months so far | €4,450.53 × 12 ÷ 12 | €4,450.53 |
| Less what this calculation deducted in the months before: its own running total, the other charges added to it apart (in the data file: The payroll's own PAYE so far this tax year) | €4,089.09 | |
| This month's payroll PAYE (negative: a refund through the payroll) | €4,450.53 − €4,089.09 | €361.43 |
| Check | EUR | |
|---|---|---|
| The steps above | €361.43 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €361.43 | ✓ agrees |
The partner's own return, assessed on their own
| Step | Working | € of the day |
|---|---|---|
| The partner's pay and pensions, a year at this month's | €48,800.95 | |
| The partner's pension contribution | €2,928.06 | |
| The partner's relief limit at age 61, its age band's share of pay up to the earnings cap of €121,809.91 | 40% × €48,800.95 | €19,520.38 |
| The partner's pension relief, the lower of the two | €2,928.06 | |
| Their income for their own return | €48,800.95 − €2,928.06 | €45,872.89 |
| Their own band | €44,000.00 × 1.059216606, the bands' growth with wages | €46,605.53 |
| Tax at 20% | €45,872.89 × 20% | €9,174.58 |
| Tax at 40% | €0.00 × 40% | €0.00 |
| Tax before credits | €9,174.58 | |
| Credit: personal (single, s.461(c)): the single credits less the employee credit included in them | (€4,000.00 − 1 × €2,000.00) × 1.059216606, the bands' growth with wages | €2,118.43 |
| Credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €48,800.95 and €2,118.43 | €2,118.43 |
| Credits in all | €4,236.87 | |
| Their tax for a year at this month's figures, never below nil | €9,174.58 − €4,236.87 | €4,937.71 |
| This month's, a twelfth | €4,937.71 ÷ 12 | €411.48 |
| Check | EUR | |
|---|---|---|
| The steps above | €411.48 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €411.48 | ✓ agrees |
The partner's payroll settled in December
| Step | Working | € of the day |
|---|---|---|
| The year's pay and pensions, their own | €49,446.02 | |
| Pension relief given in the year, and any maintenance paid to a former spouse (s.1025) | €2,966.76 | |
| Taxable pay and pensions | €49,446.02 − €2,966.76 | €46,479.26 |
| Their own band | €44,000.00 × 1.059216606, the bands' growth with wages | €46,605.53 |
| Tax at 20% | €46,479.26 × 20% | €9,295.85 |
| Tax at 40% | €0.00 × 40% | €0.00 |
| Tax before credits | €9,295.85 | |
| Credit: personal (single, s.461(c)): the single credits less the employee credit included in them | (€4,000.00 − 1 × €2,000.00) × 1.059216606, the bands' growth with wages | €2,118.43 |
| Credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €49,446.02 and €2,118.43 | €2,118.43 |
| Credits in all, the year's | €4,236.87 | |
| The year's tax on pay and pensions, never below nil | €9,295.85 − €4,236.87 | €5,058.99 |
| Less the PAYE the months charged on it | €5,079.63 | |
| December's settlement (negative: a refund) | €5,058.99 − €5,079.63 | -€20.65 |
| Check | EUR | |
|---|---|---|
| The steps above | -€20.65 | ✓ agrees |
| The engine's own figure for it, recorded in the run | -€20.65 | ✓ agrees |
| What the projection charged this month, row 60 of the data file: the parts and other charges above | €752.26 | ✓ agrees |
The Universal Social Charge is charged on income (TCA 1997 Part 18D, s.531AN). Where the year's income is €13,000 or less there is none; above that, every euro is charged through the bands. Social welfare payments, the State Pension among them, do not count (s.531AM). Lower rates apply from age 70, or with a full medical card, where income is €60,000 or less. Each month, as a payroll does on the cumulative basis, the USC on the pay to date through the cut-off points to date (the year's, times the months, over twelve), less what the months before charged; the exemption and the reduced rates' limit are read to date the same way. December, or a death, settles the year on the whole year's bands. Each person's USC is their own; the USC on income outside a payroll is settled at the year's end under its own heading.
The client's USC: how it is worked out
| Over the life, in euro of the day | €20,394.01 |
| In today's money (each month by its own price level) | €18,409.36 |
| Months of the life with a charge (not nil) | 144 of 476 |
| Months a payroll runs, a month it comes to nil included, each worked out again step by step to the cent | 475 of 475 ✓ agrees |
| Worked step by step | €20,385.87 |
| Other charges added to it, named below | +€8.14 |
| Case | Months |
|---|---|
| The pay to date within the exemption to date: nil | 280 |
| The pay to date within the exemption to date: nil, and the partner's own | 52 |
| Standard bands to month 2's cut-off points, and the partner's own | 11 |
| Standard bands to month 3's cut-off points, and the partner's own | 11 |
| Standard bands to month 4's cut-off points, and the partner's own | 11 |
| Standard bands to month 5's cut-off points, and the partner's own | 11 |
| Standard bands to month 6's cut-off points, and the partner's own | 11 |
| Standard bands to month 7's cut-off points, and the partner's own | 11 |
| Standard bands to month 12's cut-off points, and the partner's own | 11 |
| Standard bands to month 1's cut-off points, and the partner's own | 10 |
| Standard bands to month 8's cut-off points, and the partner's own | 10 |
| Standard bands to month 9's cut-off points, and the partner's own | 10 |
| Standard bands to month 10's cut-off points, and the partner's own | 10 |
| Standard bands to month 11's cut-off points, and the partner's own | 10 |
| Standard bands to month 8's cut-off points: a refund, and the partner's own | 1 |
| Standard bands to month 9's cut-off points: a refund, and the partner's own | 1 |
| Standard bands to month 10's cut-off points: a refund, and the partner's own | 1 |
| Standard bands to month 11's cut-off points: a refund, and the partner's own | 1 |
| Standard bands to month 1's cut-off points, State Pension or benefits left out, and the partner's own | 1 |
| Standard bands to month 2's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 3's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 4's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 5's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 6's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 7's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 8's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 9's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 10's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 11's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Standard bands to month 12's cut-off points, State Pension or benefits left out: a refund, and the partner's own | 1 |
| Charge | Months | Total |
|---|---|---|
| The year's payroll USC settled in December | 1 | €8.14 |
The case: standard bands to month 6's cut-off points, and the partner's own
The client's USC
| Step | Working | € of the day |
|---|---|---|
| Pay and pensions through the payroll this month | €3,853.02 | |
| The year's pay through the payroll before this month | €19,230.90 | |
| The pay to date, this month included | €19,230.90 + €3,853.02 | €23,083.92 |
| The cut-off points to date, the year's × 6 ÷ 12 (month 6 of the year): the first | €12,012.00 × 6 ÷ 12 | €6,006.00 |
| Over the exemption to date, €6,500.00: every euro of the pay to date is charged | €23,083.92 | |
| The pay to date: €0.00 to €6,006.00 at 0.5% | €6,006.00 × 0.5% | €30.03 |
| The pay to date: €6,006.00 to €14,350.00 at 2% | €8,344.00 × 2% | €166.88 |
| The pay to date: €14,350.00 to €35,022.00 at 3% | €8,733.92 × 3% | €262.02 |
| USC to date | €458.93 | |
| Less what the year's months charged before this one | €382.27 | |
| This month's USC | €458.93 − €382.27 | €76.66 |
| Check | EUR | |
|---|---|---|
| The steps above | €76.66 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €76.66 | ✓ agrees |
The partner's own USC
| Step | Working | € of the day |
|---|---|---|
| The partner's USC income this month (their State Pension and benefits left out, their pension relief not) | €5,360.73 | |
| The year's pay through the payroll before this month | €26,756.03 | |
| The pay to date, this month included | €26,756.03 + €5,360.73 | €32,116.76 |
| The cut-off points to date, the year's × 6 ÷ 12 (month 6 of the year): the first | €12,012.00 × 6 ÷ 12 | €6,006.00 |
| Over the exemption to date, €6,500.00: every euro of the pay to date is charged | €32,116.76 | |
| The pay to date: €0.00 to €6,006.00 at 0.5% | €6,006.00 × 0.5% | €30.03 |
| The pay to date: €6,006.00 to €14,350.00 at 2% | €8,344.00 × 2% | €166.88 |
| The pay to date: €14,350.00 to €35,022.00 at 3% | €17,766.76 × 3% | €533.00 |
| USC to date | €729.91 | |
| Less what the year's months charged before this one | €608.02 | |
| This month's USC | €729.91 − €608.02 | €121.89 |
| Check | EUR | |
|---|---|---|
| The steps above | €121.89 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €121.89 | ✓ agrees |
| What the projection charged this month, row 6 of the data file: the parts and other charges above | €198.55 | ✓ agrees |
The case: standard bands to month 1's cut-off points, and the partner's own
The client's USC
| Step | Working | € of the day |
|---|---|---|
| Pay and pensions through the payroll this month | €3,833.33 | |
| The year's pay through the payroll before this month | €0.00 | |
| The pay to date, this month included | €0.00 + €3,833.33 | €3,833.33 |
| The cut-off points to date, the year's × 1 ÷ 12 (month 1 of the year): the first | €12,012.00 × 1 ÷ 12 | €1,001.00 |
| Over the exemption to date, €1,083.33: every euro of the pay to date is charged | €3,833.33 | |
| The pay to date: €0.00 to €1,001.00 at 0.5% | €1,001.00 × 0.5% | €5.00 |
| The pay to date: €1,001.00 to €2,391.67 at 2% | €1,390.67 × 2% | €27.81 |
| The pay to date: €2,391.67 to €5,837.00 at 3% | €1,441.67 × 3% | €43.25 |
| USC to date | €76.07 | |
| Less what the year's months charged before this one | €0.00 | |
| This month's USC | €76.07 − €0.00 | €76.07 |
| Check | EUR | |
|---|---|---|
| The steps above | €76.07 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €76.07 | ✓ agrees |
The partner's own USC
| Step | Working | € of the day |
|---|---|---|
| The partner's USC income this month (their State Pension and benefits left out, their pension relief not) | €5,333.33 | |
| The year's pay through the payroll before this month | €0.00 | |
| The pay to date, this month included | €0.00 + €5,333.33 | €5,333.33 |
| The cut-off points to date, the year's × 1 ÷ 12 (month 1 of the year): the first | €12,012.00 × 1 ÷ 12 | €1,001.00 |
| Over the exemption to date, €1,083.33: every euro of the pay to date is charged | €5,333.33 | |
| The pay to date: €0.00 to €1,001.00 at 0.5% | €1,001.00 × 0.5% | €5.00 |
| The pay to date: €1,001.00 to €2,391.67 at 2% | €1,390.67 × 2% | €27.81 |
| The pay to date: €2,391.67 to €5,837.00 at 3% | €2,941.67 × 3% | €88.25 |
| USC to date | €121.07 | |
| Less what the year's months charged before this one | €0.00 | |
| This month's USC | €121.07 − €0.00 | €121.07 |
| Check | EUR | |
|---|---|---|
| The steps above | €121.07 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €121.07 | ✓ agrees |
| What the projection charged this month, row 1 of the data file: the parts and other charges above | €197.14 | ✓ agrees |
An employee's PRSI (Class A) is charged on each week's pay (Social Welfare Consolidation Act 2005). There is none where the week's pay is €352 or less (s.13(2)(a)); above that, the rate in force is charged on all of it, less a PRSI credit that tapers away by €1 for every €6 of the week's pay over €352.01, from €12.00 a week to nil at €424.00 (s.13(2)(b)). The rate rises on the dates in section 2. Pensions and benefits are not charged. It stops at age 66, or for someone born in 1958 or later and not on the State Pension at 70 (s.12(1)(a)(ii)). A self-employed person (Class S) pays on the year's earnings, and withdrawals from an approved retirement fund are Class S too, charged as they are drawn. The year-end settlements (the self-employed's threshold and minimum, and PRSI on income outside a payroll) are under the year-end heading, not here.
The client's PRSI: how it is worked out
| Over the life, in euro of the day | €44,748.35 |
| In today's money (each month by its own price level) | €40,440.09 |
| Months of the life with a charge (not nil) | 144 of 476 |
| Months a payroll runs, a month it comes to nil included, each worked out again step by step to the cent | 195 of 195 ✓ agrees |
| Worked step by step | €44,748.35 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| No PRSI on the client's pay: retired | 331 |
| Class A at 4.7% | 81 |
| No PRSI on the client's pay: retired, and PRSI on withdrawals from an approved retirement fund | 18 |
| Class A at 4.35% | 12 |
| Class A at 4.5% | 12 |
| Class A at 4.7%, and PRSI on withdrawals from an approved retirement fund | 12 |
| Class A at 4.2% | 9 |
The case: Class A at 4.2%
The client's PRSI
| Step | Working | € of the day |
|---|---|---|
| The pay PRSI is charged on this month | €3,853.02 | |
| A year at this month's pay | €3,853.02 × 12 | €46,236.29 |
| A week's pay | €46,236.29 ÷ 52 | €889.16 |
| Class A at 4.2% on the week | €889.16 × 4.2% | €37.34 |
| Over €424.00 a week: no PRSI credit | €0.00 | |
| PRSI for the week | €37.34 | |
| This month's PRSI | €37.34 × 52 ÷ 12 | €161.83 |
| Check | EUR | |
|---|---|---|
| The steps above | €161.83 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €161.83 | ✓ agrees |
The partner's own PRSI
| Step | Working | € of the day |
|---|---|---|
| The pay the partner's PRSI is charged on this month | €5,360.73 | |
| A year at this month's pay | €5,360.73 × 12 | €64,328.75 |
| A week's pay | €64,328.75 ÷ 52 | €1,237.09 |
| Class A at 4.2% on the week | €1,237.09 × 4.2% | €51.96 |
| Over €424.00 a week: no PRSI credit | €0.00 | |
| PRSI for the week | €51.96 | |
| This month's PRSI | €51.96 × 52 ÷ 12 | €225.15 |
| Check | EUR | |
|---|---|---|
| The steps above | €225.15 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €225.15 | ✓ agrees |
| What the projection charged this month, row 6 of the data file: the parts and other charges above | €386.98 | ✓ agrees |
The case: Class A at 4.35%
The client's PRSI
| Step | Working | € of the day |
|---|---|---|
| The pay PRSI is charged on this month | €3,863.61 | |
| A year at this month's pay | €3,863.61 × 12 | €46,363.27 |
| A week's pay | €46,363.27 ÷ 52 | €891.60 |
| Class A at 4.35% on the week | €891.60 × 4.35% | €38.78 |
| Over €424.00 a week: no PRSI credit | €0.00 | |
| PRSI for the week | €38.78 | |
| This month's PRSI | €38.78 × 52 ÷ 12 | €168.07 |
| Check | EUR | |
|---|---|---|
| The steps above | €168.07 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €168.07 | ✓ agrees |
The partner's own PRSI
| Step | Working | € of the day |
|---|---|---|
| The pay the partner's PRSI is charged on this month | €5,375.45 | |
| A year at this month's pay | €5,375.45 × 12 | €64,505.42 |
| A week's pay | €64,505.42 ÷ 52 | €1,240.49 |
| Class A at 4.35% on the week | €1,240.49 × 4.35% | €53.96 |
| Over €424.00 a week: no PRSI credit | €0.00 | |
| PRSI for the week | €53.96 | |
| This month's PRSI | €53.96 × 52 ÷ 12 | €233.83 |
| Check | EUR | |
|---|---|---|
| The steps above | €233.83 | ✓ agrees |
| The engine's own tax calculation, run on the same figures | €233.83 | ✓ agrees |
| What the projection charged this month, row 10 of the data file: the parts and other charges above | €401.90 | ✓ agrees |
No month of this life charges it: nothing this household has or does falls under it.
When a pension is drawn, at retirement or earlier when money runs short, part of it can be taken as a lump sum (TCA 1997 s.790AA): over a lifetime the first €200,000 is tax-free, the rest up to €500,000 is taxed at 20%, and anything above is income of the year, charged to USC and to income tax at the higher rate when paid, then at the person's own rates through their payroll or their year's return (Revenue Pensions Manual Ch.27). A lump sum taken earlier uses up the limits first. Each person's limits are their own.
No month of this life charges it: nothing this household has or does falls under it.
What a pension comes to at retirement, above the Standard Fund Threshold (€2,200,000 in 2026, set by law for each year to 2029, then each year with average weekly earnings, s.787O(1)), is taxed at 40% (chargeable excess tax, s.787Q), less the standard-rate tax paid on the person's lump sums and not yet set against such a charge (s.787RA). The pension scheme pays it out of the pension, so no cash moves. Each person's threshold is their own.
Rent from property in Ireland is taxable income (TCA 1997 s.75, Case V): the rent less the interest on the loans on the lets, the costs of letting and wear and tear on furniture and fittings over eight years (s.97, s.284). A loss is carried forward against later rental profit only (s.384). Each month the engine charges the profit as it arises: income tax at 20% within what the payroll has left of the household's standard rate band and 40% above it, with USC and PRSI, less a landlord's rent relief (s.480C) where it applies; the year's exact figure is settled at the year's end. A relief taken back when a let is sold is under this heading too.
| Over the life, in euro of the day | €205,091.93 |
| In today's money (each month by its own price level) | €137,560.59 |
| Months of the life with a charge (not nil) | 475 of 476 |
| Months it is charged, each worked out again step by step to the cent | 475 of 475 ✓ agrees |
| Worked step by step | €205,091.93 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| Rental profit | 451 |
| Rental profit, rent relief given | 24 |
The case: rental profit, rent relief given
| Step | Working | € of the day |
|---|---|---|
| This month's rent | €1,265.45 | |
| Less the interest on the loans on the lets | €121.41 | |
| Less the costs set against the rent, at this month's prices | €150.00 × 1.012358 | €151.85 |
| Less wear and tear on the furniture and fittings, for a month | €8,000.00 × 12.5% ÷ 12 | €83.33 |
| The rental profit (or loss) this month | €908.85 | |
| The client's share of it, the partner's taxed on their own | €0.00 | |
| A loss: carried forward against later rental profit, nothing charged on it | €0.00 | |
| The partner's own share taxed, after their own losses | €908.85 | |
| The standard rate band left this month: a twelfth of the household's band, less this month's pay through the payroll, as the engine recorded them | €44,000.00 ÷ 12 − €3,853.02 | €0.00 |
| Within the band, at 20%, each owner in their own band | €0.00 × 20% | €0.00 |
| Above the band, at 40% | €908.85 × 40% | €363.54 |
| USC on all of it at 3%, the rate on the next euro of the year's income as estimated in January | €908.85 × 3% | €27.27 |
| PRSI on all of it at 4.2375%, the year's rate on income outside a payroll as the engine set it | €908.85 × 4.2375% | €38.51 |
| Less a landlord's rent relief (s.480C), a twelfth of the year's amount, as the engine worked it | €83.33 | |
| This month's tax on rent, its year settled at the year's end | €345.98 |
| Check | EUR | |
|---|---|---|
| The steps above | €345.98 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €345.98 | ✓ agrees |
| What the projection charged this month, row 6 of the data file | €345.98 | ✓ agrees |
The case: rental profit
| Step | Working | € of the day |
|---|---|---|
| This month's rent | €1,331.49 | |
| Less the interest on the loans on the lets | €130.46 | |
| Less the costs set against the rent, at this month's prices | €150.00 × 1.065194 | €159.78 |
| Less wear and tear on the furniture and fittings, for a month | €8,000.00 × 12.5% ÷ 12 | €83.33 |
| The rental profit (or loss) this month | €957.92 | |
| The client's share of it, the partner's taxed on their own | €0.00 | |
| A loss: carried forward against later rental profit, nothing charged on it | €0.00 | |
| The partner's own share taxed, after their own losses | €957.92 | |
| The standard rate band left this month: a twelfth of the household's band, less this month's pay through the payroll, as the engine recorded them | €44,000.00 ÷ 12 − €4,060.33 | €0.00 |
| Within the band, at 20%, each owner in their own band | €0.00 × 20% | €0.00 |
| Above the band, at 40% | €957.92 × 40% | €383.17 |
| USC on all of it at 3%, the rate on the next euro of the year's income as estimated in January | €957.92 × 3% | €28.74 |
| PRSI on all of it at 4.55%, the year's rate on income outside a payroll as the engine set it | €957.92 × 4.55% | €43.59 |
| This month's tax on rent, its year settled at the year's end | €455.49 |
| Check | EUR | |
|---|---|---|
| The steps above | €455.49 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €455.49 | ✓ agrees |
| What the projection charged this month, row 25 of the data file | €455.49 | ✓ agrees |
No month of this life charges it: nothing this household has or does falls under it.
Income and rent from abroad are taxable in Ireland for someone resident and domiciled here (TCA 1997 s.18, Case III), with a credit for the tax paid abroad, never more than the Irish tax on the same income (Schedule 24). Rent from abroad has its own loss pool. Each month the engine charges it as it arises, and the year is settled at the year's end.
No month of this life charges it: nothing this household has or does falls under it.
Maintenance a former spouse or civil partner pays under a court order or a deed of separation for the person themselves is that person's income (TCA 1997 s.1025, Case IV), with USC (Revenue's Tax and Duty Manual Part 18D, 10.2) and PRSI as unearned income; maintenance for the children is not taxed. Each month the engine charges it as it arises, and the year is settled at the year's end with the rest of the income outside a payroll.
No month of this life charges it: nothing this household has or does falls under it.
Someone resident but not domiciled in Ireland is taxed on foreign income only as it is brought into Ireland (the remittance basis, TCA 1997 s.71). The engine charges what is brought in at the rate on the next euro of income outside a payroll.
No month of this life charges it: nothing this household has or does falls under it.
Rent from a room in the home is free of tax up to a yearly limit (TCA 1997 s.216A); over it, the whole of it is taxable, not only the excess.
No month of this life charges it: nothing this household has or does falls under it.
A fund such as an ETF is taxed under its own regime, not capital gains tax (TCA 1997 s.739B to s.739E): exit tax at 38% on the gain when units are sold, with no relief for a loss and no annual exemption. Every eight years a holding is treated as sold and bought back (a deemed disposal), and the tax on that rise is charged then and credited against the tax on the later sale. Units are sold oldest first; each owner's units are their own chargeable event. Funds passing at a death to anyone but a spouse or civil partner are a chargeable event too.
No month of this life charges it: nothing this household has or does falls under it.
Interest from bonds is taxable income (TCA 1997 s.18, Case III). Each month the engine charges the month's interest as it arises: income tax at 20% within what the payroll, the rent and the dividends have left of the standard rate band (a married couple's together, a cohabitant's each their own) and 40% above it, USC at the rate on the next euro of the year's income as estimated in January, and PRSI at the year's rate on income outside a payroll. The interest stays in the bonds; the tax is paid from cash. The year's exact figure is settled at the year's end under its own heading.
The bank deducts DIRT at 33% from deposit interest as it is paid (TCA 1997 s.256 to s.267), and for most savers that is the whole tax on it: no income tax, USC or PRSI is charged on top. The interest is the month's cash balance at what Irish banks pay, worked from the short-term interest rate, and none is paid on a balance below nil. At 65 or over the year's return gives DIRT back (s.267(3)): all of it within the age exemption's limit; above it the return is worked twice, the limit raised by the interest with the DIRT kept and the limit as it is with the DIRT repayable, the interest at its DIRT rate, and the larger repayment is given (TDM 08-04-03): DIRT here, the income tax the raised limit saves on the year-end settlement.
| Over the life, in euro of the day | €53,517.49 |
| In today's money (each month by its own price level) | €34,751.31 |
| Months of the life with a charge (not nil) | 463 of 476 |
| Months it is charged, each worked out again step by step to the cent | 463 of 463 ✓ agrees |
| Worked step by step | €53,517.49 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| Interest on a deposit | 462 |
| DIRT given back at 65 or over | 9 |
| DIRT given back under the age exemption | 1 |
The case: interest on a deposit
| Step | Working | € of the day |
|---|---|---|
| Cash on deposit, before this month's interest | €22,878.05 | |
| A year's interest at the deposit rate: what Irish banks pay, worked from the short-term rate (never below nil) | 0.34% + 70.6% × 2.1121% = 1.8311% | €418.93 |
| Interest this month | €22,878.05 × 1.8311% ÷ 12 | €34.91 |
| DIRT at 33%, deducted by the bank | €34.91 × 33% | €11.52 |
| Check | EUR | |
|---|---|---|
| The steps above | €11.52 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €11.52 | ✓ agrees |
| What the projection charged this month, row 6 of the data file | €11.52 | ✓ agrees |
The case: interest on a deposit; DIRT given back at 65 or over
Interest on a deposit
| Step | Working | € of the day |
|---|---|---|
| Cash on deposit, before this month's interest | €201,205.55 | |
| A year's interest at the deposit rate: what Irish banks pay, worked from the short-term rate (never below nil) | 0.34% + 70.6% × 3.5956% = 2.8785% | €5,791.67 |
| Interest this month | €201,205.55 × 2.8785% ÷ 12 | €482.64 |
| DIRT at 33%, deducted by the bank | €482.64 × 33% | €159.27 |
| Check | EUR | |
|---|---|---|
| The steps above | €159.27 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €159.27 | ✓ agrees |
DIRT given back at 65 or over
| Step | Working | € of the day |
|---|---|---|
| The year's income for the age exemption, a year of it | €25,338.63 | |
| The age exemption's limit | €18,000.00 | |
| Over the limit. The income tax on the rest of the year's income, a year of it | €0.00 | |
| The deposit interest, a year of it, taxed at the rate its DIRT was deducted (s.261(c)) | €2,511.13 | €828.67 |
| The tax with the interest on the return, less the credits the rest leaves unused | €0.00 + €0.00 | €0.00 |
| The limit as it is: no more than 40% of the income over it, the DIRT a credit | €7,338.63 × 40% | €0.00 |
| The limit raised by the interest: the rest's tax, no more than 40% of the rest over the limit, and the DIRT kept | €22,827.50 against €18,000.00 | €828.67 |
| The DIRT less the tax the interest bears | €828.67 + €0.00 − €0.00 | €828.67 |
| Check | EUR | |
|---|---|---|
| The steps above | -€828.67 | ✓ agrees |
| The engine's own figure for it, recorded in the run | -€828.67 | ✓ agrees |
| What the projection charged this month, row 144 of the data file: the parts above | -€669.40 | ✓ agrees |
No month of this life charges it: nothing this household has or does falls under it.
Dividends on shares held directly are taxable income (TCA 1997 s.20, Schedule F); tax withheld at source is credited against it. Each month the engine charges the month's dividends as they are paid: income tax at 20% within what the payroll and the rent have left of the standard rate band (a married couple's together, a cohabitant's each their own) and 40% above it, USC at the rate on the next euro of the year's income as estimated in January, and PRSI at the year's rate on income outside a payroll. The year's exact figure is settled at the year's end under its own heading.
Money drawn from a pension beyond what it pays as income (from an approved retirement fund, or to meet a shortfall) is taxable income of its owner (TCA 1997 s.784A, s.790D). Tax is withheld as it is drawn and the year settled on the return; a pension passing at a death is taxed as its new owner's income, or the estate's.
| Over the life, in euro of the day | €132,367.88 |
| In today's money (each month by its own price level) | €96,365.49 |
| Months of the life with a charge (not nil) | 3 of 476 |
| Months it is charged, each worked out again step by step to the cent | 3 of 3 ✓ agrees |
| Worked step by step | €132,367.88 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| A retirement fund passing at a death | 1 |
| Extra pension drawn | 1 |
| The year's draws settled | 1 |
The case: a retirement fund passing at a death
| Step | Working | € of the day |
|---|---|---|
| What is taxed as their income: a retirement fund drawn from, and any auto-enrolment fund | €263,568.27 | |
| Taxed at the deceased's top rates, an assumption that can overstate it: the law taxes it as their income for the year of death, which the plan does not settle on a return | ||
| Income tax at the higher rate, 40% | €263,568.27 × 40% | €105,427.31 |
| USC at its top rate, 8% | €263,568.27 × 8% | €21,085.46 |
| No PRSI: the deceased was 73, past the PRSI age limit, on the State Pension, or an employee or occupational pensioner | €0.00 | |
| The tax on the fund passing | €105,427.31 + €21,085.46 + €0.00 | €126,512.77 |
| Check | EUR | |
|---|---|---|
| The steps above | €126,512.77 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €126,512.77 | ✓ agrees |
| What the projection charged this month, row 196 of the data file | €126,512.77 | ✓ agrees |
The case: extra pension drawn
| Step | Working | € of the day |
|---|---|---|
| Drawn to meet the shortfall | €28,938.11 | |
| Without it: the year's pay and pensions, the year projected from its months | €57,217.57 | |
| Without it: less pension relief and any maintenance paid (s.1025) | €57,217.57 − €0.00 | €57,217.57 |
| Without it: the standard rate band | €44,000.00 × 2.805957604, the bands' growth with wages | €123,462.13 |
| Without it: Tax at 20% | €57,217.57 × 20% | €11,443.51 |
| Without it: Tax at 40% | €0.00 × 40% | €0.00 |
| Without it: Tax before credits | €11,443.51 | |
| Without it: credit: personal (single, s.461(c)): the single credits less the employee credit included in them | (€4,000.00 − 1 × €2,000.00) × 2.805957604, the bands' growth with wages | €5,611.92 |
| Without it: credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €57,217.57 and €5,611.92 | €5,611.92 |
| Without it: other credits (age, rent, a widowed person's, the Home Carer's) | €687.46 | |
| Without it: credits in all | €11,911.29 | |
| Without it: the year's income tax, never below nil | €0.00 | |
| With it: the year's pay and pensions, the year projected from its months | €86,155.68 | |
| With it: less pension relief and any maintenance paid (s.1025) | €86,155.68 − €0.00 | €86,155.68 |
| With it: Tax before credits | €17,231.14 | |
| With it: credits in all | €11,911.29 | |
| With it: the year's income tax, never below nil | €5,319.85 | |
| Income tax on the draw: the year's with it less without | €5,319.85 − €0.00 | €5,319.85 |
| The year's USC income before this month | €21,707.73 | |
| The year so far, this month included | €21,707.73 + €28,938.11 | €50,645.84 |
| At 2026's bands | €50,645.84 ÷ 2.805957604, the bands' growth with wages | €18,049.40 |
| Over the €13,000.00 exemption: every euro of the year is charged | €18,049.40 | |
| The year so far: €0.00 to €12,012.00 at 0.5% | €12,012.00 × 0.5% | €60.06 |
| The year so far: above €12,012.00 at 2% | €6,037.40 × 2% | €120.75 |
| USC on the year so far | €180.81 | |
| The year before this month was at or under the exemption: nil charged on it | €0.00 | |
| USC on the draw (× 2.805957604, the bands' growth with wages) | €180.81 − €0.00 | €507.34 |
| The tax withheld on the draw | €5,319.85 + €507.34 + €0.00 | €5,827.19 |
| Check | EUR | |
|---|---|---|
| The steps above | €5,827.19 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €5,827.19 | ✓ agrees |
| The engine's own calculation on the same figures | €5,827.19 | ✓ agrees |
| What the projection charged this month, row 466 of the data file | €5,827.19 | ✓ agrees |
At the year's end each person's return settles what the months charged on income outside a payroll (rent, dividends, bond and foreign income): the income tax on it through the bands, USC and PRSI on the year's figures, the USC surcharge on such income over €100,000 (s.531AN(2)), the credit for tax paid abroad (Schedule 24), and the age exemption (s.188), which can give back income tax (the DIRT it gives back is on DIRT's own line). The difference from what the months charged is charged or refunded here.
| Over the life, in euro of the day | -€58,580.19 |
| In today's money (each month by its own price level) | -€33,785.57 |
| Months of the life with a charge (not nil) | 39 of 476 |
| Months it is charged, each worked out again step by step to the cent | 39 of 39 ✓ agrees |
| Worked step by step | -€58,580.19 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| The year's USC on income outside a payroll | 37 |
| The year's return on income outside a payroll | 32 |
| The year's PRSI on unearned income | 12 |
| The year's returns, a partner dead in it | 1 |
| The year's whole return | 1 |
The case: the year's return on income outside a payroll; the year's USC on income outside a payroll; the year's PRSI on unearned income
The year's return on income outside a payroll
| Step | Working | € of the day |
|---|---|---|
| The client's return: the year's pay and pensions | €46,257.02 | |
| The client's return: less pension relief and any maintenance paid (s.1025) | €46,257.02 − €5,550.84 | €40,706.18 |
| The client's return: the single person's band | €44,000.00 | |
| The client's return: Tax at 20% | €40,706.18 × 20% | €8,141.24 |
| The client's return: Tax at 40% | €0.00 × 40% | €0.00 |
| The client's return: Tax before credits | €8,141.24 | |
| The client's return: credit: personal (single, s.461(c)): the single credits less the employee credit included in them | €4,000.00 − 1 × €2,000.00 | €2,000.00 |
| The client's return: credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €46,257.02 and €2,000.00 | €2,000.00 |
| The client's return: credits in all | €4,000.00 | |
| The client's return: credits the pay and pensions leave unused (negative: tax the payroll settles) | (€4,000.00 − €8,141.24) | -€4,141.24 |
| The client's return: the band the pay leaves: the year's band less the pay and pensions, net of relief, never below nil | €44,000.00 − €46,257.02 + €5,550.84 | €3,293.82 |
| The client's return: the year's rent, dividends, bond interest and income from abroad | €0.00 | |
| The client's return: taxed at 20% within that band and 40% above | €0.00 × 20% + €0.00 × 40% | €0.00 |
| The client's return: less a landlord's relief (s.480C) and the unused credits, never below nil | €0.00 − €0.00 − €0.00 | €0.00 |
| The partner's return: the year's pay and pensions | €64,357.59 | |
| The partner's return: less pension relief and any maintenance paid (s.1025) | €64,357.59 − €3,861.46 | €60,496.14 |
| The partner's return: the single person's band | €44,000.00 | |
| The partner's return: Tax at 20% | €44,000.00 × 20% | €8,800.00 |
| The partner's return: Tax at 40% | €16,496.14 × 40% | €6,598.45 |
| The partner's return: Tax before credits | €15,398.45 | |
| The partner's return: credit: personal (single, s.461(c)): the single credits less the employee credit included in them | €4,000.00 − 1 × €2,000.00 | €2,000.00 |
| The partner's return: credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €64,357.59 and €2,000.00 | €2,000.00 |
| The partner's return: credits in all | €4,000.00 | |
| The partner's return: credits the pay and pensions leave unused (negative: tax the payroll settles) | (€4,000.00 − €15,398.45) | -€11,398.45 |
| The partner's return: the band the pay leaves: the year's band less the pay and pensions, net of relief, never below nil | €44,000.00 − €64,357.59 + €3,861.46 | €0.00 |
| The partner's return: the year's rent, dividends, bond interest and income from abroad | €10,919.65 | |
| The partner's return: taxed at 20% within that band and 40% above | €0.00 × 20% + €10,919.65 × 40% | €4,367.86 |
| The partner's return: less a landlord's relief (s.480C) and the unused credits, never below nil | €4,367.86 − €1,000.00 − €0.00 | €3,367.86 |
| The two returns' tax on it | €3,367.86 | |
| Less the income tax the months charged on it | €3,367.86 | |
| Settled on the return (negative: a refund) | €3,367.86 − €3,367.86 | €0.00 |
| Check | EUR | |
|---|---|---|
| The steps above | €0.00 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €0.00 | ✓ agrees |
The year's USC on income outside a payroll
| Step | Working | € of the day |
|---|---|---|
| The client's USC income from pay and pensions for the year | €46,257.02 | |
| The client's rent, dividends and other income outside a payroll | €0.00 | |
| The client, with it: €0.00 to €12,012.00 at 0.5% | €12,012.00 × 0.5% | €60.06 |
| The client, with it: €12,012.00 to €28,700.00 at 2% | €16,688.00 × 2% | €333.76 |
| The client, with it: €28,700.00 to €70,044.00 at 3% | €17,557.02 × 3% | €526.71 |
| The client, with it: USC | €920.53 | |
| The client, without it: €0.00 to €12,012.00 at 0.5% | €12,012.00 × 0.5% | €60.06 |
| The client, without it: €12,012.00 to €28,700.00 at 2% | €16,688.00 × 2% | €333.76 |
| The client, without it: €28,700.00 to €70,044.00 at 3% | €17,557.02 × 3% | €526.71 |
| The client, without it: USC | €920.53 | |
| The client's USC on it | (€920.53 − €920.53) | €0.00 |
| The partner's USC income from pay and pensions for the year | €64,357.59 | |
| The partner's rent, dividends and other income outside a payroll | €10,919.65 | |
| The partner, with it: €0.00 to €12,012.00 at 0.5% | €12,012.00 × 0.5% | €60.06 |
| The partner, with it: €12,012.00 to €28,700.00 at 2% | €16,688.00 × 2% | €333.76 |
| The partner, with it: €28,700.00 to €70,044.00 at 3% | €41,344.00 × 3% | €1,240.32 |
| The partner, with it: above €70,044.00 at 8% | €5,233.24 × 8% | €418.66 |
| The partner, with it: USC | €2,052.80 | |
| The partner, without it: €0.00 to €12,012.00 at 0.5% | €12,012.00 × 0.5% | €60.06 |
| The partner, without it: €12,012.00 to €28,700.00 at 2% | €16,688.00 × 2% | €333.76 |
| The partner, without it: €28,700.00 to €70,044.00 at 3% | €35,657.59 × 3% | €1,069.73 |
| The partner, without it: USC | €1,463.55 | |
| The partner's USC on it | (€2,052.80 − €1,463.55) | €589.25 |
| Less the USC the months charged on it | €327.59 | |
| Settled on the return (negative: a refund) | €589.25 − €327.59 | €261.66 |
| Check | EUR | |
|---|---|---|
| The steps above | €261.66 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €261.66 | ✓ agrees |
The year's PRSI on unearned income
| Step | Working | € of the day |
|---|---|---|
| The client's unearned income for the year | €0.00 | |
| The client: PRSI the months charged on it at 4.2375%, not a rate in section 2 | €0.00 | |
| The client's deposit interest for the year, and its PRSI at their rate | €238.36 | €10.10 |
| The client: Class K, nothing where the year's unearned income is not over €5,000.00 and its gross not over €30,000.00 | €238.36 ≤ €5,000.00 | €0.00 |
| The partner's unearned income for the year | €10,919.65 | |
| The partner: PRSI the months charged on it at 4.2375%, not a rate in section 2 | €462.72 | |
| The partner's deposit interest for the year, and its PRSI at their rate | €195.83 | €8.30 |
| The partner's gross income outside a payroll for the year, the rent before its costs | €15,386.87 | |
| The partner: Class K, nothing where the year's unearned income is not over €5,000.00 and its gross not over €30,000.00 | €11,115.48 > €5,000.00 | €471.02 |
| The year's PRSI on it | €471.02 | |
| Less what the months charged | €462.72 | |
| Settled on the return (negative: a refund) | €471.02 − €462.72 | €8.30 |
| Check | EUR | |
|---|---|---|
| The steps above | €8.30 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €8.30 | ✓ agrees |
| What the projection charged this month, row 12 of the data file: the parts above | €269.96 | ✓ agrees |
The case: the year's returns, a partner dead in it; the year's USC on income outside a payroll
The year's returns, a partner dead in it
| Step | Working | € of the day |
|---|---|---|
| The survivor's return: the year's pay and pensions | €29,037.46 | |
| The survivor's return: less pension relief and any maintenance paid (s.1025) | €29,037.46 − €0.00 | €29,037.46 |
| The survivor's return: the single person's band | €44,000.00 × 1.54061032, the bands' growth with wages | €67,786.85 |
| The survivor's return: Tax at 20% | €29,037.46 × 20% | €5,807.49 |
| The survivor's return: Tax at 40% | €0.00 × 40% | €0.00 |
| The survivor's return: Tax before credits | €5,807.49 | |
| The survivor's return: credit: personal (single, s.461(c)): the single credits less the employee credit included in them | (€4,000.00 − 1 × €2,000.00) × 1.54061032, the bands' growth with wages | €3,081.22 |
| The survivor's return: credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €29,037.46 and €3,081.22 | €3,081.22 |
| The survivor's return: other credits (age, rent, a widowed person's, the Home Carer's) | €377.45 | |
| The survivor's return: credits in all | €6,539.89 | |
| The survivor's return: credits the pay and pensions leave unused (negative: tax the payroll settles) | (€6,539.89 − €5,807.49) | €732.40 |
| The survivor's return: the band the pay leaves: the year's band less the pay and pensions, net of relief, never below nil | €67,786.85 − €29,037.46 + €0.00 | €38,749.39 |
| The survivor's return: the year's rent, dividends, bond interest and income from abroad | €13,370.69 | |
| The survivor's return: taxed at 20% within that band and 40% above | €13,370.69 × 20% + €0.00 × 40% | €2,674.14 |
| The survivor's return: less a landlord's relief (s.480C) and the unused credits, never below nil | €2,674.14 − €0.00 − €732.40 | €1,941.74 |
| The deceased's return: the year's pay and pensions | €8,739.71 | |
| The deceased's return: less pension relief and any maintenance paid (s.1025) | €8,739.71 − €0.00 | €8,739.71 |
| The deceased's return: the single person's band | €44,000.00 × 1.54061032, the bands' growth with wages | €67,786.85 |
| The deceased's return: Tax at 20% | €8,739.71 × 20% | €1,747.94 |
| The deceased's return: Tax at 40% | €0.00 × 40% | €0.00 |
| The deceased's return: Tax before credits | €1,747.94 | |
| The deceased's return: credit: personal (single, s.461(c)): the single credits less the employee credit included in them | (€4,000.00 − 1 × €2,000.00) × 1.54061032, the bands' growth with wages | €3,081.22 |
| The deceased's return: credit: their employee credit (s.472), capped at their pay before relief (s.472(4)) | the lower of 20% × €8,739.71 and €3,081.22 | €1,747.94 |
| The deceased's return: other credits (age, rent, a widowed person's, the Home Carer's) | €377.45 | |
| The deceased's return: credits in all | €5,206.61 | |
| The deceased's return: credits the pay and pensions leave unused (negative: tax the payroll settles) | (€5,206.61 − €1,747.94) | €3,458.67 |
| The deceased's return: the band the pay leaves: the year's band less the pay and pensions, net of relief, never below nil | €67,786.85 − €8,739.71 + €0.00 | €59,047.14 |
| The deceased's return: the year's rent, dividends, bond interest and income from abroad | €4,444.16 | |
| The deceased's return: taxed at 20% within that band and 40% above | €4,444.16 × 20% + €0.00 × 40% | €888.83 |
| The deceased's return: less a landlord's relief (s.480C) and the unused credits, never below nil | €888.83 − €0.00 − €3,458.67 | €0.00 |
| The deceased's pay and pensions' own tax, what their credits do not cover | €0.00 | |
| Less the income tax their payroll charged | €112.97 | |
| The two returns' tax still to settle | €1,941.74 + €0.00 − €112.97 | €1,828.77 |
| Less the income tax the months charged on income outside a payroll | €3,562.97 | |
| Settled on the returns (negative: a refund) | -€1,734.20 |
| Check | EUR | |
|---|---|---|
| The steps above | -€1,734.20 | ✓ agrees |
| The engine's own figure for it, recorded in the run | -€1,734.20 | ✓ agrees |
The year's USC on income outside a payroll
| Step | Working | € of the day |
|---|---|---|
| The client's USC income from pay and pensions for the year | €5,619.50 | |
| The client's rent, dividends and other income outside a payroll | €13,370.69 | |
| The client, with it: at or under the €13,000.00 exemption, nil | €0.00 | |
| The client, without it: at or under the €13,000.00 exemption, nil | €0.00 | |
| The client's USC on it | (€0.00 − €0.00) | €0.00 |
| The partner's USC income from pay and pensions for the year | €3,503.89 | |
| The partner's rent, dividends and other income outside a payroll | €4,444.16 | |
| The partner, with it: at or under the €13,000.00 exemption, nil | €0.00 | |
| The partner, without it: at or under the €13,000.00 exemption, nil | €0.00 | |
| The partner's USC on it | (€0.00 − €0.00) | €0.00 |
| Less the USC the months charged on it | €371.10 | |
| Settled on the return (negative: a refund) | €0.00 − €371.10 | -€371.10 |
| Check | EUR | |
|---|---|---|
| The steps above | -€371.10 | ✓ agrees |
| The engine's own figure for it, recorded in the run | -€371.10 | ✓ agrees |
| What the projection charged this month, row 204 of the data file: the parts above | -€2,105.30 | ✓ agrees |
No month of this life charges it: nothing this household has or does falls under it.
Gains on shares and other assets that are not funds are charged at 33%, at 31% on disposals from October 2026 (TCA 1997 s.28), each year's gains less its losses and less an annual exemption of €1,270 each (s.601), the losses and the exemption set against the gains at the higher rate first (s.546(6), s.601(3)); a loss is carried forward. The engine assesses the year at its end, or at a death to then. A business sold can have Entrepreneur Relief (s.597AA).
Capital Acquisitions Tax at 33% is charged on gifts and inheritances over the recipient's lifetime threshold for the giver's group (CATCA 2003). A spouse or civil partner inherits free of it; a partner who was not one does not. At the last death the estate's tax covers what passes to the heirs, and pensions passing are taxed as the law sets out (s.784A, s.787AI).
| Over the life, in euro of the day | €243,898.75 |
| In today's money (each month by its own price level) | €180,724.56 |
| Months of the life with a charge (not nil) | 1 of 476 |
| Months it is charged, each worked out again step by step to the cent | 1 of 1 ✓ agrees |
| Worked step by step | €243,898.75 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| Group C, an inheritance | 1 |
The case: group C, an inheritance
| Step | Working | € of the day |
|---|---|---|
| Received, an inheritance | €761,087.12 | |
| The lifetime threshold for group C | €22,000.00 | |
| Already received under it | €0.00 | |
| What is left of it | €22,000.00 − €0.00 | €22,000.00 |
| CAT at 33% on the excess | €739,087.12 × 33% | €243,898.75 |
| The CAT due | €243,898.75 |
| Check | EUR | |
|---|---|---|
| The steps above | €243,898.75 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €243,898.75 | ✓ agrees |
| The engine's own calculation on the same figures | €243,898.75 | ✓ agrees |
| What the projection charged this month, row 196 of the data file | €243,898.75 | ✓ agrees |
Local Property Tax is charged each year on each home and residential let, each on its own (Finance (Local Property Tax) Act 2012 s.17), on its value on the valuation date: 1 November 2025 for the years to it plus 5, then each 5 years. Up to €2,100,000 the value's band sets the charge, a flat amount in the first two and the band's own figure above them; over it, 0.0906% of the value up to €1,260,000, 0.25% from there to €2,100,000 and 0.3% above. The bands hold for each period and move with the tax bands at a valuation date where the plan says so. Commercial property pays rates, not LPT.
| Over the life, in euro of the day | €29,141.38 |
| In today's money (each month by its own price level) | €19,140.24 |
| Months of the life with a charge (not nil) | 40 of 476 |
| Months it is charged, each worked out again step by step to the cent | 40 of 40 ✓ agrees |
| Worked step by step | €29,141.38 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| The year's LPT | 40 |
The case: the year's LPT
| Step | Working | € of the day |
|---|---|---|
| Property 1: worth €365,556.70 now, so €360,000.00 on the valuation date | €365,556.70 × 0.984799, the price index then over now | €360,000.00 |
| Property 1's band charge | band 3, €315,000.00 to €420,000.00: its charge | €333.00 |
| Property 1's LPT | €333.00 × 1.15, its local authority's adjustment (+15%) | €382.95 |
| Property 2: worth €233,550.11 now, so €230,000.00 on the valuation date | €233,550.11 × 0.984799, the price index then over now | €230,000.00 |
| Property 2's band charge | band 1, up to €240,000.00: a flat charge | €95.00 |
| Property 2's LPT | €95.00 × 1.15, its local authority's adjustment (+15%) | €109.25 |
| This year's Local Property Tax | €492.20 |
| Check | EUR | |
|---|---|---|
| The steps above | €492.20 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €492.20 | ✓ agrees |
| What the projection charged this month, row 1 of the data file | €492.20 | ✓ agrees |
The case: the year's LPT
| Step | Working | € of the day |
|---|---|---|
| Property 1: worth €328,049.69 now, so €360,000.00 on the valuation date | €328,049.69 × 1.097395, the price index then over now | €360,000.00 |
| Property 1's band charge | band 3, €315,000.00 to €420,000.00: its charge | €333.00 |
| Property 1's LPT | €333.00 × 1.15, its local authority's adjustment (+15%) | €382.95 |
| Property 2: worth €209,587.30 now, so €230,000.00 on the valuation date | €209,587.30 × 1.097395, the price index then over now | €230,000.00 |
| Property 2's band charge | band 1, up to €240,000.00: a flat charge | €95.00 |
| Property 2's LPT | €95.00 × 1.15, its local authority's adjustment (+15%) | €109.25 |
| This year's Local Property Tax | €492.20 |
| Check | EUR | |
|---|---|---|
| The steps above | €492.20 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €492.20 | ✓ agrees |
| What the projection charged this month, row 13 of the data file | €492.20 | ✓ agrees |
No month of this life charges it: nothing this household has or does falls under it.
Stamp duty is charged on a residential property bought, on its price: 1% up to €1,000,000, 2% from there to €1,500,000, and 6% above that (Stamp Duties Consolidation Act 1999 Sch. 1, as amended by Finance Act 2024 s.90), paid from cash when it is bought and part of what it cost for CGT (TCA 1997 s.552).
Reliefs refunded outside the payroll: health expenses (TCA 1997 s.469), relief on extra pension contributions, and deemed tax on funds given back (s.739E). Each reduces the tax above it.
| Over the life, in euro of the day | €54,969.48 |
| In today's money (each month by its own price level) | €30,745.71 |
| Months of the life with a charge (not nil) | 27 of 476 |
| Months it is charged, each worked out again step by step to the cent | 27 of 27 ✓ agrees |
| Worked step by step | €54,969.48 |
| Other charges added to it, named below | €0.00 |
| Case | Months |
|---|---|
| Health expenses relieved | 27 |
The case: health expenses relieved
| Step | Working | € of the day |
|---|---|---|
| Health expenses at 20% | €1,319.38 × 20% | €263.88 |
| Never more than the year's income tax | the lower of €263.88 and €17,606.54 | €263.88 |
| Check | EUR | |
|---|---|---|
| The steps above | €263.88 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €263.88 | ✓ agrees |
| What the projection charged this month, row 24 of the data file | €263.88 | ✓ agrees |
The case: health expenses relieved
| Step | Working | € of the day |
|---|---|---|
| Health expenses at 20% | €4,056.86 × 20% | €811.37 |
| Never more than the year's income tax | the lower of €811.37 and €15,320.96 | €811.37 |
| Check | EUR | |
|---|---|---|
| The steps above | €811.37 | ✓ agrees |
| The engine's own figure for it, recorded in the run | €811.37 | ✓ agrees |
| What the projection charged this month, row 36 of the data file | €811.37 | ✓ agrees |
No money appears or disappears. Each check below holds in every month of the life, to within €0.50: what its first list adds up to equals what its second does, each item by its name in the data file.
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A statement a year, in euro of the day (not adjusted for inflation), grouped the same way every year: what came in, the tax, the spending, then where the money is: cash, investments, pensions, property and its loans, and the household's wealth. A flow is the year's months added up; a balance, marked at the year's end, is its last month's. Each year names its rows in the data file, so any figure can be found there.
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065
| Employment | €46,257.02 |
| Your partner's income | €64,357.59 |
| Rental | €15,191.04 |
| Deposit interest | €434.19 |
| Income tax through the payroll (PAYE) | €15,539.69 |
| Universal Social Charge (USC), both of you | €2,384.08 |
| Social insurance (PRSI), both of you | €4,687.45 |
| Income tax on rent from property in Ireland | €4,158.17 |
| Tax on deposit interest (DIRT) | €143.28 |
| Year-end settlement of the tax on income outside a payroll | €269.96 |
| Local Property Tax | €492.20 |
| Essential living | €36,458.50 |
| Other spending | €5,954.97 |
| Property upkeep | €4,342.92 |
| Mortgage payment | €16,335.44 |
| Cash and deposits, at the year's end | €39,367.03 |
| Your pension pot, at the year's end | €40,425.28 |
| Auto-enrolment fund, at the year's end | €1,493.12 |
| Your partner's pension, at the year's end | €203,201.86 |
| Pension contributions | €10,106.15 |
| Pension pots' return in the year | -€19,059.64 |
| Home: value, at the year's end | €333,500.74 |
| Rental 1: value, at the year's end | €213,069.92 |
| All property, at the year's end | €546,570.65 |
| Home: mortgage, at the year's end | €87,869.00 |
| Rental 1: mortgage, at the year's end | €35,638.90 |
| All mortgages, at the year's end | €123,507.90 |
| Mortgage interest | €4,843.34 |
| Mortgage principal | €11,492.10 |
| Liquid wealth (all but property), at the year's end | €284,487.29 |
| Net worth, at the year's end | €707,550.04 |
| Employment | €47,544.10 |
| Your partner's income | €59,896.66 |
| Rental | €15,721.67 |
| Deposit interest | €1,167.22 |
| Income tax through the payroll (PAYE) | €14,088.90 |
| Universal Social Charge (USC), both of you | €2,288.86 |
| Social insurance (PRSI), both of you | €4,709.88 |
| Income tax on rent from property in Ireland | €4,351.99 |
| Tax on deposit interest (DIRT) | €385.18 |
| Year-end settlement of the tax on income outside a payroll | €86.05 |
| Local Property Tax | €492.20 |
| Tax relief, which comes off the tax above | €263.88 |
| Essential living | €37,732.00 |
| Other spending | €5,732.70 |
| Property upkeep | €4,481.03 |
| Health costs | €1,319.38 |
| Mortgage payment | €16,487.09 |
| Cash and deposits, at the year's end | €61,793.02 |
| Your pension pot, at the year's end | €41,359.62 |
| Auto-enrolment fund, at the year's end | €2,871.71 |
| Your partner's pension, at the year's end | €188,719.39 |
| Pension contributions | €10,012.25 |
| Pension pots' return in the year | -€27,924.40 |
| Home: value, at the year's end | €298,062.60 |
| Rental 1: value, at the year's end | €190,428.88 |
| All property, at the year's end | €488,491.48 |
| Home: mortgage, at the year's end | €80,469.63 |
| Rental 1: mortgage, at the year's end | €31,218.66 |
| All mortgages, at the year's end | €111,688.29 |
| Mortgage interest | €4,667.48 |
| Mortgage principal | €11,819.61 |
| Liquid wealth (all but property), at the year's end | €294,743.74 |
| Net worth, at the year's end | €671,546.93 |
| Employment | €49,525.47 |
| Your partner's income | €49,611.60 |
| Rental | €16,156.82 |
| Deposit interest | €1,574.58 |
| Income tax through the payroll (PAYE) | €10,570.44 |
| Universal Social Charge (USC), both of you | €2,039.75 |
| Social insurance (PRSI), both of you | €4,511.36 |
| Income tax on rent from property in Ireland | €5,647.17 |
| Tax on deposit interest (DIRT) | €519.61 |
| Year-end settlement of the tax on income outside a payroll | €38.69 |
| Local Property Tax | €492.20 |
| Tax relief, which comes off the tax above | €811.37 |
| Essential living | €38,776.38 |
| Other spending | €5,741.09 |
| Property upkeep | €4,479.33 |
| Health costs | €4,056.86 |
| Mortgage payment | €16,493.31 |
| Cash and deposits, at the year's end | €76,444.04 |
| Your pension pot, at the year's end | €57,579.29 |
| Auto-enrolment fund, at the year's end | €5,603.75 |
| Your partner's pension, at the year's end | €240,023.35 |
| Pension contributions | €9,662.63 |
| Pension pots' return in the year | €55,633.59 |
| Home: value, at the year's end | €328,558.07 |
| Rental 1: value, at the year's end | €209,912.10 |
| All property, at the year's end | €538,470.17 |
| Home: mortgage, at the year's end | €72,791.79 |
| Rental 1: mortgage, at the year's end | €26,592.96 |
| All mortgages, at the year's end | €99,384.75 |
| Mortgage interest | €4,189.76 |
| Mortgage principal | €12,303.55 |
| Liquid wealth (all but property), at the year's end | €379,650.43 |
| Net worth, at the year's end | €818,735.85 |
| Employment | €50,452.57 |
| Your partner's income | €50,540.31 |
| Rental | €16,522.13 |
| Deposit interest | €1,319.81 |
| Income tax through the payroll (PAYE) | €10,834.98 |
| Universal Social Charge (USC), both of you | €2,081.64 |
| Social insurance (PRSI), both of you | €4,746.67 |
| Income tax on rent from property in Ireland | €5,973.57 |
| Tax on deposit interest (DIRT) | €435.54 |
| Year-end settlement of the tax on income outside a payroll | €32.76 |
| Local Property Tax | €492.20 |
| Tax relief, which comes off the tax above | €825.56 |
| Essential living | €39,653.10 |
| Other spending | €5,784.32 |
| Property upkeep | €5,312.37 |
| Capital expenditure | €22,691.16 |
| Health costs | €4,127.78 |
| Mortgage payment | €16,696.65 |
| Cash and deposits, at the year's end | €66,641.36 |
| Your pension pot, at the year's end | €74,867.28 |
| Auto-enrolment fund, at the year's end | €10,676.46 |
| Your partner's pension, at the year's end | €292,384.81 |
| Pension contributions | €10,600.30 |
| Pension pots' return in the year | €58,060.52 |
| Home: value, at the year's end | €384,967.45 |
| Rental 1: value, at the year's end | €245,951.43 |
| All property, at the year's end | €630,918.88 |
| Home: mortgage, at the year's end | €65,015.05 |
| Rental 1: mortgage, at the year's end | €21,703.89 |
| All mortgages, at the year's end | €86,718.94 |
| Mortgage interest | €4,030.84 |
| Mortgage principal | €12,665.81 |
| Liquid wealth (all but property), at the year's end | €444,569.90 |
| Net worth, at the year's end | €988,769.85 |
| Employment | €49,360.18 |
| Your partner's income | €49,446.02 |
| Rental | €16,643.68 |
| Deposit interest | €1,186.70 |
| Income tax through the payroll (PAYE) | €9,509.51 |
| Universal Social Charge (USC), both of you | €1,974.50 |
| Social insurance (PRSI), both of you | €4,643.89 |
| Income tax on rent from property in Ireland | €6,177.53 |
| Tax on deposit interest (DIRT) | €391.61 |
| Year-end settlement of the tax on income outside a payroll | €4.09 |
| Local Property Tax | €492.20 |
| Tax relief, which comes off the tax above | €828.62 |
| Essential living | €39,944.82 |
| Other spending | €5,786.04 |
| Property upkeep | €6,529.62 |
| Health costs | €4,143.10 |
| Mortgage payment | €16,622.46 |
| Cash and deposits, at the year's end | €77,516.40 |
| Your pension pot, at the year's end | €74,479.79 |
| Auto-enrolment fund, at the year's end | €13,023.96 |
| Your partner's pension, at the year's end | €275,310.71 |
| Pension contributions | €10,370.79 |
| Pension pots' return in the year | -€31,414.97 |
| Home: value, at the year's end | €370,885.10 |
| Rental 1: value, at the year's end | €236,954.37 |
| All property, at the year's end | €607,839.47 |
| Home: mortgage, at the year's end | €56,892.96 |
| Rental 1: mortgage, at the year's end | €16,568.37 |
| All mortgages, at the year's end | €73,461.33 |
| Mortgage interest | €3,364.85 |
| Mortgage principal | €13,257.61 |
| Liquid wealth (all but property), at the year's end | €440,330.85 |
| Net worth, at the year's end | €974,708.99 |
| Employment | €48,595.16 |
| Your partner's income | €48,679.68 |
| Rental | €16,653.42 |
| Deposit interest | €1,549.88 |
| Income tax through the payroll (PAYE) | €8,948.81 |
| Universal Social Charge (USC), both of you | €1,895.62 |
| Social insurance (PRSI), both of you | €4,571.92 |
| Income tax on rent from property in Ireland | €6,244.88 |
| Tax on deposit interest (DIRT) | €511.46 |
| Year-end settlement of the tax on income outside a payroll | -€441.14 |
| Local Property Tax | €521.35 |
| Tax relief, which comes off the tax above | €820.61 |
| Essential living | €39,968.22 |
| Other spending | €5,730.09 |
| Property upkeep | €6,187.54 |
| Health costs | €4,103.03 |
| Mortgage payment | €16,660.18 |
| Cash and deposits, at the year's end | €88,703.13 |
| Your pension pot, at the year's end | €91,930.05 |
| Auto-enrolment fund, at the year's end | €18,902.60 |
| Your partner's pension, at the year's end | €324,090.10 |
| Pension contributions | €10,210.05 |
| Pension pots' return in the year | €56,060.07 |
| Home: value, at the year's end | €377,653.23 |
| Rental 1: value, at the year's end | €241,278.45 |
| All property, at the year's end | €618,931.68 |
| Home: mortgage, at the year's end | €48,410.19 |
| Rental 1: mortgage, at the year's end | €11,262.52 |
| All mortgages, at the year's end | €59,672.71 |
| Mortgage interest | €2,871.56 |
| Mortgage principal | €13,788.62 |
| Liquid wealth (all but property), at the year's end | €523,625.89 |
| Net worth, at the year's end | €1,082,884.86 |
| Employment | €49,561.41 |
| Your partner's income | €49,647.61 |
| Rental | €16,617.93 |
| Deposit interest | €1,646.49 |
| Income tax through the payroll (PAYE) | €9,361.90 |
| Universal Social Charge (USC), both of you | €1,960.78 |
| Social insurance (PRSI), both of you | €4,662.82 |
| Income tax on rent from property in Ireland | €6,312.04 |
| Tax on deposit interest (DIRT) | €543.34 |
| Year-end settlement of the tax on income outside a payroll | -€189.48 |
| Local Property Tax | €521.35 |
| Tax relief, which comes off the tax above | €784.20 |
| Essential living | €39,883.04 |
| Other spending | €5,825.65 |
| Property upkeep | €5,097.69 |
| Capital expenditure | €22,923.33 |
| Health costs | €3,921.01 |
| Mortgage payment | €16,689.15 |
| Cash and deposits, at the year's end | €78,291.67 |
| Your pension pot, at the year's end | €107,389.67 |
| Auto-enrolment fund, at the year's end | €26,486.18 |
| Your partner's pension, at the year's end | €364,200.00 |
| Pension contributions | €11,156.49 |
| Pension pots' return in the year | €45,051.10 |
| Home: value, at the year's end | €391,268.28 |
| Rental 1: value, at the year's end | €249,976.96 |
| All property, at the year's end | €641,245.24 |
| Home: mortgage, at the year's end | €39,550.73 |
| Rental 1: mortgage, at the year's end | €5,755.68 |
| All mortgages, at the year's end | €45,306.40 |
| Mortgage interest | €2,322.84 |
| Mortgage principal | €14,366.31 |
| Liquid wealth (all but property), at the year's end | €576,367.51 |
| Net worth, at the year's end | €1,172,306.35 |
| Employment | €51,993.44 |
| Your partner's income | €52,083.86 |
| Rental | €16,975.79 |
| Deposit interest | €1,984.27 |
| Income tax through the payroll (PAYE) | €10,983.87 |
| Universal Social Charge (USC), both of you | €2,135.10 |
| Social insurance (PRSI), both of you | €4,891.63 |
| Income tax on rent from property in Ireland | €6,582.73 |
| Tax on deposit interest (DIRT) | €654.81 |
| Year-end settlement of the tax on income outside a payroll | €49.45 |
| Local Property Tax | €521.35 |
| Tax relief, which comes off the tax above | €803.77 |
| Essential living | €40,741.90 |
| Other spending | €5,974.27 |
| Property upkeep | €5,593.92 |
| Health costs | €4,018.86 |
| Mortgage payment | €16,685.41 |
| Cash and deposits, at the year's end | €91,595.56 |
| Your pension pot, at the year's end | €118,702.07 |
| Auto-enrolment fund, at the year's end | €33,703.38 |
| Your partner's pension, at the year's end | €388,392.27 |
| Pension contributions | €11,703.95 |
| Pension pots' return in the year | €23,731.62 |
| Home: value, at the year's end | €460,586.51 |
| Rental 1: value, at the year's end | €294,263.61 |
| All property, at the year's end | €754,850.12 |
| Home: mortgage, at the year's end | €30,297.84 |
| All mortgages, at the year's end | €30,297.84 |
| Mortgage interest | €1,676.85 |
| Mortgage principal | €15,008.56 |
| Liquid wealth (all but property), at the year's end | €632,393.28 |
| Net worth, at the year's end | €1,356,945.56 |
| Employment | €56,607.64 |
| Your partner's income | €11,840.49 |
| Rental | €17,887.42 |
| Deposit interest | €5,948.22 |
| Income tax through the payroll (PAYE) | €6,378.59 |
| Universal Social Charge (USC), both of you | €1,203.77 |
| Social insurance (PRSI), both of you | €3,217.06 |
| Income tax on rent from property in Ireland | €4,360.24 |
| Tax on deposit interest (DIRT) | €1,962.91 |
| Year-end settlement of the tax on income outside a payroll | -€2,035.93 |
| Local Property Tax | €521.35 |
| Tax relief, which comes off the tax above | €870.98 |
| Essential living | €42,929.80 |
| Other spending | €3,834.76 |
| Property upkeep | €6,282.02 |
| Health costs | €4,354.91 |
| Mortgage payment | €10,891.96 |
| Cash and deposits, at the year's end | €188,606.68 |
| Your pension pot, at the year's end | €134,833.33 |
| Auto-enrolment fund, at the year's end | €42,882.15 |
| Your partner's pension, at the year's end | €301,160.55 |
| Pension contributions | €9,340.26 |
| Pension pots' return in the year | €34,280.15 |
| Pension lump sums, gross | €97,098.07 |
| ...of which your partner's | €97,098.07 |
| Home: value, at the year's end | €492,031.94 |
| Rental 1: value, at the year's end | €314,353.74 |
| All property, at the year's end | €806,385.67 |
| Home: mortgage, at the year's end | €20,695.25 |
| All mortgages, at the year's end | €20,695.25 |
| Mortgage interest | €1,289.37 |
| Mortgage principal | €9,602.59 |
| Liquid wealth (all but property), at the year's end | €667,482.71 |
| Net worth, at the year's end | €1,453,173.14 |
| Employment | €59,885.56 |
| Your partner's income | €31,790.68 |
| Rental | €18,619.90 |
| Deposit interest | €4,963.16 |
| Income tax through the payroll (PAYE) | €8,749.37 |
| Universal Social Charge (USC), both of you | €1,284.34 |
| Social insurance (PRSI), both of you | €2,814.62 |
| Income tax on rent from property in Ireland | €4,568.96 |
| Tax on deposit interest (DIRT) | €1,637.84 |
| Year-end settlement of the tax on income outside a payroll | -€911.62 |
| Local Property Tax | €521.35 |
| Tax relief, which comes off the tax above | €961.84 |
| Essential living | €44,687.75 |
| Other spending | €5,472.65 |
| Property upkeep | €6,734.28 |
| Health costs | €4,809.22 |
| Mortgage payment | €10,891.96 |
| Cash and deposits, at the year's end | €202,787.69 |
| Your pension pot, at the year's end | €151,317.04 |
| Auto-enrolment fund, at the year's end | €54,123.34 |
| Your partner's pension, at the year's end | €309,111.90 |
| Pension contributions | €10,779.40 |
| Pension pots' return in the year | €32,609.86 |
| Home: value, at the year's end | €479,003.31 |
| Rental 1: value, at the year's end | €306,029.90 |
| All property, at the year's end | €785,033.21 |
| Home: mortgage, at the year's end | €10,604.25 |
| All mortgages, at the year's end | €10,604.25 |
| Mortgage interest | €800.97 |
| Mortgage principal | €10,091.00 |
| Liquid wealth (all but property), at the year's end | €717,339.97 |
| Net worth, at the year's end | €1,491,768.94 |
| Your partner's income | €35,365.61 |
| Pension in payment | €4,641.47 |
| Rental | €18,802.35 |
| Deposit interest | €5,997.99 |
| Income tax through the payroll (PAYE) | €2,051.69 |
| Social insurance (PRSI), both of you | €218.15 |
| Income tax on rent from property in Ireland | €4,620.48 |
| Tax on deposit interest (DIRT) | €1,979.34 |
| Year-end settlement of the tax on income outside a payroll | -€508.79 |
| Local Property Tax | €835.97 |
| Tax relief, which comes off the tax above | €2,418.65 |
| Essential living | €45,125.65 |
| Other spending | €2,641.61 |
| Property upkeep | €6,599.05 |
| Health costs | €12,093.25 |
| Mortgage payment | €10,891.96 |
| Cash and deposits, at the year's end | €221,294.68 |
| Your pension pot, at the year's end | €99,138.25 |
| Auto-enrolment fund, at the year's end | €48,556.91 |
| Your partner's pension, at the year's end | €270,027.42 |
| Pension pots' return in the year | -€41,716.80 |
| Pension lump sums, gross | €37,829.26 |
| Home: value, at the year's end | €447,815.64 |
| Rental 1: value, at the year's end | €286,104.44 |
| All property, at the year's end | €733,920.07 |
| Mortgage interest | €287.72 |
| Mortgage principal | €10,604.25 |
| Liquid wealth (all but property), at the year's end | €639,017.25 |
| Net worth, at the year's end | €1,372,937.32 |
| Employment | €18,200.91 |
| Your partner's income | €35,476.81 |
| Pension in payment | €4,626.59 |
| Rental | €19,062.28 |
| Deposit interest | €5,722.85 |
| Income tax through the payroll (PAYE) | €1,663.19 |
| Universal Social Charge (USC), both of you | €225.98 |
| Social insurance (PRSI), both of you | €1,072.89 |
| Income tax on rent from property in Ireland | €4,600.62 |
| Tax on deposit interest (DIRT) | €1,059.87 |
| Year-end settlement of the tax on income outside a payroll | -€466.15 |
| Local Property Tax | €835.97 |
| Tax relief, which comes off the tax above | €342.60 |
| Essential living | €45,749.47 |
| Other spending | €3,873.96 |
| Property upkeep | €7,191.07 |
| Capital expenditure | €29,362.23 |
| Health costs | €1,712.99 |
| Cash and deposits, at the year's end | €204,568.45 |
| Your pension pot, at the year's end | €115,467.27 |
| Auto-enrolment fund, at the year's end | €61,332.84 |
| Your partner's pension, at the year's end | €307,899.79 |
| Pension contributions | €3,276.16 |
| Pension pots' return in the year | €78,973.27 |
| Home: value, at the year's end | €453,740.20 |
| Rental 1: value, at the year's end | €289,889.57 |
| All property, at the year's end | €743,629.78 |
| Liquid wealth (all but property), at the year's end | €689,268.34 |
| Net worth, at the year's end | €1,432,898.12 |
| Your partner's income | €32,704.70 |
| Pension in payment | €70,873.91 |
| Rental | €19,477.87 |
| Deposit interest | €6,676.80 |
| Income tax through the payroll (PAYE) | €12,333.41 |
| Universal Social Charge (USC), both of you | €911.45 |
| Income tax on rent from property in Ireland | €4,714.33 |
| Tax on deposit interest (DIRT) | €2,203.34 |
| Year-end settlement of the tax on income outside a payroll | -€927.91 |
| Local Property Tax | €835.97 |
| Essential living | €46,746.89 |
| Other spending | €6,116.26 |
| Property upkeep | €7,607.83 |
| Cash and deposits, at the year's end | €269,093.36 |
| Your pension pot, at the year's end | €113,869.33 |
| Your partner's pension, at the year's end | €303,638.80 |
| Pension pots' return in the year | €11,368.62 |
| Pension lump sums, gross | €15,333.21 |
| Home: value, at the year's end | €483,951.89 |
| Rental 1: value, at the year's end | €309,191.49 |
| All property, at the year's end | €793,143.38 |
| Liquid wealth (all but property), at the year's end | €686,601.49 |
| Net worth, at the year's end | €1,479,744.87 |
| Your partner's income | €35,760.47 |
| Pension in payment | €25,142.01 |
| Rental | €19,853.79 |
| Deposit interest | €7,088.05 |
| Income tax through the payroll (PAYE) | €1,615.68 |
| Income tax on rent from property in Ireland | €4,090.68 |
| Tax on deposit interest (DIRT) | €1,831.04 |
| Year-end settlement of the tax on income outside a payroll | -€178.34 |
| Local Property Tax | €835.97 |
| Essential living | €47,649.11 |
| Other spending | €4,150.08 |
| Property upkeep | €7,404.97 |
| Cash and deposits, at the year's end | €289,538.51 |
| Your pension pot, at the year's end | €106,953.07 |
| Your partner's pension, at the year's end | €282,264.58 |
| Pension pots' return in the year | -€8,545.06 |
| Home: value, at the year's end | €464,060.23 |
| Rental 1: value, at the year's end | €296,482.93 |
| All property, at the year's end | €760,543.16 |
| Liquid wealth (all but property), at the year's end | €678,756.15 |
| Net worth, at the year's end | €1,439,299.31 |
| Your partner's income | €34,910.65 |
| Pension in payment | €25,087.36 |
| Rental | €20,063.73 |
| Deposit interest | €4,108.11 |
| Income tax through the payroll (PAYE) | €1,161.75 |
| Income tax on rent from property in Ireland | €4,060.90 |
| Tax on deposit interest (DIRT) | €685.21 |
| Year-end settlement of the tax on income outside a payroll | -€141.34 |
| Local Property Tax | €835.97 |
| Essential living | €48,152.94 |
| Other spending | €4,118.54 |
| Property upkeep | €7,019.30 |
| Cash and deposits, at the year's end | €307,815.09 |
| Your pension pot, at the year's end | €103,397.18 |
| Your partner's pension, at the year's end | €270,065.35 |
| Pension pots' return in the year | €2,648.04 |
| Home: value, at the year's end | €432,104.48 |
| Rental 1: value, at the year's end | €276,066.75 |
| All property, at the year's end | €708,171.22 |
| Liquid wealth (all but property), at the year's end | €681,277.62 |
| Net worth, at the year's end | €1,389,448.84 |
| Your partner's income | €34,859.82 |
| Pension in payment | €25,212.95 |
| Rental | €20,148.21 |
| Deposit interest | €4,558.69 |
| Income tax through the payroll (PAYE) | €845.28 |
| Income tax on rent from property in Ireland | €4,078.00 |
| Tax on deposit interest (DIRT) | €780.64 |
| Year-end settlement of the tax on income outside a payroll | -€158.22 |
| Local Property Tax | €674.86 |
| Tax relief, which comes off the tax above | €463.94 |
| Essential living | €48,355.70 |
| Other spending | €4,145.92 |
| Property upkeep | €5,976.08 |
| Health costs | €2,319.72 |
| Cash and deposits, at the year's end | €326,040.71 |
| Your pension pot, at the year's end | €108,395.67 |
| Your partner's pension, at the year's end | €280,310.98 |
| Pension pots' return in the year | €33,511.02 |
| Home: value, at the year's end | €382,296.42 |
| Rental 1: value, at the year's end | €244,244.94 |
| All property, at the year's end | €626,541.36 |
| Liquid wealth (all but property), at the year's end | €714,747.36 |
| Net worth, at the year's end | €1,341,288.72 |
| Your partner's income | €8,739.71 |
| Pension in payment | €29,037.46 |
| Rental | €20,244.14 |
| Deposit interest | €3,871.33 |
| Income tax through the payroll (PAYE) | €112.97 |
| Income tax on rent from property in Ireland | €3,934.07 |
| Tax on deposit interest (DIRT) | €1,029.56 |
| Income tax on extra pension drawn or inherited | €126,512.77 |
| Year-end settlement of the tax on income outside a payroll | -€2,105.30 |
| Inheritance tax (CAT) and the tax on a pension passing at a death | €243,898.75 |
| Local Property Tax | €674.86 |
| Tax relief, which comes off the tax above | €280.21 |
| Essential living | €37,646.29 |
| Other spending | €2,636.49 |
| Property upkeep | €6,464.54 |
| Health costs | €1,401.04 |
| Cash and deposits, at the year's end | €229,575.79 |
| Your pension pot, at the year's end | €111,200.12 |
| Pension pots' return in the year | -€4,814.88 |
| Pension inherited, gross | €263,568.27 |
| Home: value, at the year's end | €414,435.69 |
| Rental 1: value, at the year's end | €264,778.36 |
| All property, at the year's end | €679,214.06 |
| Liquid wealth (all but property), at the year's end | €340,775.91 |
| Net worth, at the year's end | €1,019,989.97 |
| Pension in payment | €27,138.46 |
| Rental | €20,402.36 |
| Deposit interest | €4,815.17 |
| Income tax on rent from property in Ireland | €3,949.90 |
| Tax on deposit interest (DIRT) | €1,589.01 |
| Year-end settlement of the tax on income outside a payroll | -€1,544.60 |
| Local Property Tax | €674.86 |
| Essential living | €34,275.96 |
| Other spending | €1,818.25 |
| Property upkeep | €5,992.51 |
| Cash and deposits, at the year's end | €235,175.90 |
| Your pension pot, at the year's end | €120,847.01 |
| Pension pots' return in the year | €15,664.27 |
| Home: value, at the year's end | €472,548.66 |
| Rental 1: value, at the year's end | €301,906.09 |
| All property, at the year's end | €774,454.75 |
| Liquid wealth (all but property), at the year's end | €356,022.90 |
| Net worth, at the year's end | €1,130,477.66 |
| Pension in payment | €28,687.11 |
| Rental | €21,277.21 |
| Deposit interest | €6,491.41 |
| Income tax on rent from property in Ireland | €4,119.27 |
| Tax on deposit interest (DIRT) | €2,142.17 |
| Year-end settlement of the tax on income outside a payroll | -€1,625.37 |
| Local Property Tax | €674.86 |
| Essential living | €35,745.71 |
| Other spending | €1,975.83 |
| Property upkeep | €5,536.21 |
| Cash and deposits, at the year's end | €243,062.95 |
| Your pension pot, at the year's end | €134,085.49 |
| Pension pots' return in the year | €19,922.88 |
| Home: value, at the year's end | €531,871.90 |
| Rental 1: value, at the year's end | €339,807.05 |
| All property, at the year's end | €871,678.95 |
| Liquid wealth (all but property), at the year's end | €377,148.45 |
| Net worth, at the year's end | €1,248,827.40 |
| Pension in payment | €29,493.19 |
| Rental | €22,019.83 |
| Deposit interest | €6,222.03 |
| Income tax on rent from property in Ireland | €4,263.04 |
| Tax on deposit interest (DIRT) | €2,053.27 |
| Year-end settlement of the tax on income outside a payroll | -€1,660.87 |
| Local Property Tax | €674.86 |
| Essential living | €36,993.32 |
| Other spending | €2,064.52 |
| Property upkeep | €5,223.56 |
| Cash and deposits, at the year's end | €251,186.30 |
| Your pension pot, at the year's end | €116,450.12 |
| Pension pots' return in the year | -€10,931.09 |
| Home: value, at the year's end | €558,638.30 |
| Rental 1: value, at the year's end | €356,907.80 |
| All property, at the year's end | €915,546.10 |
| Liquid wealth (all but property), at the year's end | €367,636.42 |
| Net worth, at the year's end | €1,283,182.52 |
| Pension in payment | €29,337.71 |
| Rental | €22,727.00 |
| Deposit interest | €7,750.46 |
| Income tax on rent from property in Ireland | €4,399.95 |
| Tax on deposit interest (DIRT) | €2,557.65 |
| Year-end settlement of the tax on income outside a payroll | -€2,066.70 |
| Local Property Tax | €855.74 |
| Essential living | €38,181.36 |
| Other spending | €2,053.64 |
| Property upkeep | €4,801.09 |
| Cash and deposits, at the year's end | €260,218.75 |
| Your pension pot, at the year's end | €113,957.17 |
| Pension pots' return in the year | €3,329.55 |
| Home: value, at the year's end | €491,040.71 |
| Rental 1: value, at the year's end | €313,720.45 |
| All property, at the year's end | €804,761.16 |
| Liquid wealth (all but property), at the year's end | €374,175.91 |
| Net worth, at the year's end | €1,178,937.07 |
| Pension in payment | €29,947.91 |
| Rental | €23,437.71 |
| Deposit interest | €7,555.58 |
| Income tax on rent from property in Ireland | €4,537.54 |
| Tax on deposit interest (DIRT) | €2,493.34 |
| Year-end settlement of the tax on income outside a payroll | -€2,456.89 |
| Local Property Tax | €855.74 |
| Essential living | €39,375.35 |
| Other spending | €2,096.35 |
| Property upkeep | €4,593.29 |
| Cash and deposits, at the year's end | €269,665.22 |
| Your pension pot, at the year's end | €108,460.33 |
| Pension pots' return in the year | €201.02 |
| Home: value, at the year's end | €493,870.70 |
| Rental 1: value, at the year's end | €315,528.50 |
| All property, at the year's end | €809,399.20 |
| Liquid wealth (all but property), at the year's end | €378,125.55 |
| Net worth, at the year's end | €1,187,524.75 |
| Pension in payment | €30,931.28 |
| Rental | €24,730.83 |
| Deposit interest | €8,997.68 |
| Income tax on rent from property in Ireland | €4,787.89 |
| Tax on deposit interest (DIRT) | €2,969.23 |
| Year-end settlement of the tax on income outside a payroll | -€2,481.24 |
| Local Property Tax | €855.74 |
| Essential living | €41,547.79 |
| Other spending | €2,073.69 |
| Property upkeep | €5,458.63 |
| Capital expenditure | €45,286.04 |
| Cash and deposits, at the year's end | €233,827.24 |
| Your pension pot, at the year's end | €105,591.79 |
| Pension pots' return in the year | €2,554.48 |
| Home: value, at the year's end | €569,345.57 |
| Rental 1: value, at the year's end | €363,748.56 |
| All property, at the year's end | €933,094.14 |
| Liquid wealth (all but property), at the year's end | €339,419.03 |
| Net worth, at the year's end | €1,272,513.17 |
| Pension in payment | €32,812.58 |
| Rental | €26,683.17 |
| Deposit interest | €9,545.54 |
| Income tax on rent from property in Ireland | €5,165.86 |
| Tax on deposit interest (DIRT) | €3,150.03 |
| Year-end settlement of the tax on income outside a payroll | -€2,266.26 |
| Local Property Tax | €855.74 |
| Essential living | €44,827.72 |
| Other spending | €2,296.88 |
| Property upkeep | €6,194.52 |
| Cash and deposits, at the year's end | €242,644.04 |
| Your pension pot, at the year's end | €97,472.27 |
| Pension pots' return in the year | -€2,839.93 |
| Home: value, at the year's end | €647,796.44 |
| Rental 1: value, at the year's end | €413,869.95 |
| All property, at the year's end | €1,061,666.39 |
| Liquid wealth (all but property), at the year's end | €340,116.31 |
| Net worth, at the year's end | €1,401,782.70 |
| Pension in payment | €33,593.42 |
| Rental | €27,731.48 |
| Deposit interest | €9,288.57 |
| Income tax on rent from property in Ireland | €5,368.81 |
| Tax on deposit interest (DIRT) | €3,065.23 |
| Year-end settlement of the tax on income outside a payroll | -€2,410.13 |
| Local Property Tax | €855.74 |
| Tax relief, which comes off the tax above | €269.26 |
| Essential living | €46,588.88 |
| Other spending | €2,351.54 |
| Property upkeep | €6,703.50 |
| Health costs | €1,346.29 |
| Cash and deposits, at the year's end | €249,656.91 |
| Your pension pot, at the year's end | €89,497.50 |
| Pension pots' return in the year | -€3,101.15 |
| Home: value, at the year's end | €624,506.99 |
| Rental 1: value, at the year's end | €398,990.58 |
| All property, at the year's end | €1,023,497.57 |
| Liquid wealth (all but property), at the year's end | €339,154.42 |
| Net worth, at the year's end | €1,362,651.98 |
| Pension in payment | €33,764.08 |
| Rental | €28,258.97 |
| Deposit interest | €8,043.14 |
| Income tax on rent from property in Ireland | €5,470.94 |
| Tax on deposit interest (DIRT) | €2,654.23 |
| Year-end settlement of the tax on income outside a payroll | -€3,328.43 |
| Local Property Tax | €791.24 |
| Essential living | €47,475.07 |
| Other spending | €2,363.49 |
| Property upkeep | €8,067.16 |
| Cash and deposits, at the year's end | €256,229.41 |
| Your pension pot, at the year's end | €79,065.70 |
| Pension pots' return in the year | -€5,956.93 |
| Home: value, at the year's end | €583,145.96 |
| Rental 1: value, at the year's end | €372,565.47 |
| All property, at the year's end | €955,711.43 |
| Liquid wealth (all but property), at the year's end | €335,295.11 |
| Net worth, at the year's end | €1,291,006.54 |
| Pension in payment | €34,885.50 |
| Rental | €28,505.25 |
| Deposit interest | €8,888.64 |
| Income tax on rent from property in Ireland | €5,518.62 |
| Tax on deposit interest (DIRT) | €2,933.25 |
| Year-end settlement of the tax on income outside a payroll | -€3,507.07 |
| Local Property Tax | €791.24 |
| Essential living | €47,888.83 |
| Other spending | €2,441.98 |
| Property upkeep | €9,580.61 |
| Cash and deposits, at the year's end | €262,861.34 |
| Your pension pot, at the year's end | €89,877.71 |
| Pension pots' return in the year | €15,159.89 |
| Home: value, at the year's end | €609,793.51 |
| Rental 1: value, at the year's end | €389,590.30 |
| All property, at the year's end | €999,383.81 |
| Liquid wealth (all but property), at the year's end | €352,739.05 |
| Net worth, at the year's end | €1,352,122.87 |
| Pension in payment | €35,735.70 |
| Rental | €29,233.31 |
| Deposit interest | €10,939.66 |
| Income tax on rent from property in Ireland | €5,659.57 |
| Tax on deposit interest (DIRT) | €3,610.09 |
| Year-end settlement of the tax on income outside a payroll | -€3,681.59 |
| Local Property Tax | €791.24 |
| Tax relief, which comes off the tax above | €1,714.87 |
| Essential living | €49,111.96 |
| Other spending | €2,501.50 |
| Property upkeep | €10,771.42 |
| Health costs | €8,574.35 |
| Cash and deposits, at the year's end | €263,146.35 |
| Your pension pot, at the year's end | €87,934.57 |
| Pension pots' return in the year | €2,550.75 |
| Home: value, at the year's end | €686,759.84 |
| Rental 1: value, at the year's end | €438,763.23 |
| All property, at the year's end | €1,125,523.07 |
| Liquid wealth (all but property), at the year's end | €351,080.92 |
| Net worth, at the year's end | €1,476,603.99 |
| Pension in payment | €36,587.06 |
| Rental | €30,056.56 |
| Deposit interest | €8,054.70 |
| Income tax on rent from property in Ireland | €5,818.95 |
| Tax on deposit interest (DIRT) | €2,658.05 |
| Year-end settlement of the tax on income outside a payroll | -€3,858.15 |
| Local Property Tax | €791.24 |
| Tax relief, which comes off the tax above | €1,948.12 |
| Essential living | €50,495.02 |
| Other spending | €2,561.09 |
| Property upkeep | €11,489.52 |
| Capital expenditure | €56,765.83 |
| Health costs | €9,740.58 |
| Cash and deposits, at the year's end | €203,330.65 |
| Your pension pot, at the year's end | €76,022.04 |
| Pension pots' return in the year | -€7,515.80 |
| Home: value, at the year's end | €686,707.47 |
| Rental 1: value, at the year's end | €438,729.77 |
| All property, at the year's end | €1,125,437.24 |
| Liquid wealth (all but property), at the year's end | €279,352.69 |
| Net worth, at the year's end | €1,404,789.94 |
| Pension in payment | €36,577.32 |
| Rental | €30,331.66 |
| Deposit interest | €7,147.30 |
| Income tax on rent from property in Ireland | €5,872.21 |
| Tax on deposit interest (DIRT) | €2,358.61 |
| Year-end settlement of the tax on income outside a payroll | -€3,926.66 |
| Local Property Tax | €791.24 |
| Tax relief, which comes off the tax above | €1,945.55 |
| Essential living | €50,957.19 |
| Other spending | €2,560.41 |
| Property upkeep | €9,909.58 |
| Health costs | €9,727.76 |
| Cash and deposits, at the year's end | €201,082.14 |
| Your pension pot, at the year's end | €79,905.03 |
| Pension pots' return in the year | €7,932.67 |
| Home: value, at the year's end | €652,204.69 |
| Rental 1: value, at the year's end | €416,686.33 |
| All property, at the year's end | €1,068,891.01 |
| Liquid wealth (all but property), at the year's end | €280,987.17 |
| Net worth, at the year's end | €1,349,878.18 |
| Pension in payment | €35,987.90 |
| Rental | €29,652.90 |
| Deposit interest | €3,827.12 |
| Income tax on rent from property in Ireland | €5,740.80 |
| Tax on deposit interest (DIRT) | €1,262.95 |
| Year-end settlement of the tax on income outside a payroll | -€3,850.08 |
| Local Property Tax | €1,009.67 |
| Tax relief, which comes off the tax above | €1,890.72 |
| Essential living | €49,816.87 |
| Other spending | €2,519.15 |
| Property upkeep | €8,945.93 |
| Health costs | €9,453.62 |
| Cash and deposits, at the year's end | €197,541.86 |
| Your pension pot, at the year's end | €84,061.47 |
| Pension pots' return in the year | €8,270.51 |
| Home: value, at the year's end | €535,635.87 |
| Rental 1: value, at the year's end | €342,211.81 |
| All property, at the year's end | €877,847.68 |
| Liquid wealth (all but property), at the year's end | €281,603.33 |
| Net worth, at the year's end | €1,159,451.01 |
| Pension in payment | €36,023.81 |
| Rental | €29,264.45 |
| Deposit interest | €2,552.38 |
| Income tax on rent from property in Ireland | €5,665.60 |
| Tax on deposit interest (DIRT) | €555.68 |
| Year-end settlement of the tax on income outside a payroll | -€3,770.79 |
| Local Property Tax | €1,009.67 |
| Tax relief, which comes off the tax above | €1,894.80 |
| Essential living | €49,164.28 |
| Other spending | €2,521.67 |
| Property upkeep | €8,337.04 |
| Capital expenditure | €59,001.79 |
| Health costs | €9,474.02 |
| Cash and deposits, at the year's end | €135,318.35 |
| Your pension pot, at the year's end | €90,433.60 |
| Pension pots' return in the year | €11,004.36 |
| Home: value, at the year's end | €565,388.90 |
| Rental 1: value, at the year's end | €361,220.69 |
| All property, at the year's end | €926,609.59 |
| Liquid wealth (all but property), at the year's end | €225,751.95 |
| Net worth, at the year's end | €1,152,361.54 |
| Pension in payment | €35,958.58 |
| Rental | €28,936.65 |
| Deposit interest | €744.08 |
| Income tax on rent from property in Ireland | €5,602.14 |
| Year-end settlement of the tax on income outside a payroll | -€3,673.40 |
| Local Property Tax | €1,009.67 |
| Tax relief, which comes off the tax above | €1,928.73 |
| Essential living | €48,613.57 |
| Other spending | €2,517.10 |
| Property upkeep | €8,408.31 |
| Health costs | €9,643.66 |
| Cash and deposits, at the year's end | €130,765.34 |
| Your pension pot, at the year's end | €96,302.59 |
| Pension pots' return in the year | €10,753.96 |
| Home: value, at the year's end | €588,962.45 |
| Rental 1: value, at the year's end | €376,281.57 |
| All property, at the year's end | €965,244.02 |
| Liquid wealth (all but property), at the year's end | €227,067.93 |
| Net worth, at the year's end | €1,192,311.95 |
| Pension in payment | €35,474.08 |
| Rental | €28,603.32 |
| Deposit interest | €409.60 |
| Income tax on rent from property in Ireland | €5,537.60 |
| Year-end settlement of the tax on income outside a payroll | -€2,898.82 |
| Local Property Tax | €1,009.67 |
| Tax relief, which comes off the tax above | €2,638.78 |
| Essential living | €48,053.57 |
| Other spending | €2,483.19 |
| Property upkeep | €9,971.82 |
| Health costs | €818.20 |
| Long-term care | €12,375.72 |
| Cash and deposits, at the year's end | €120,540.17 |
| Your pension pot, at the year's end | €90,434.65 |
| Pension pots' return in the year | -€1,052.81 |
| Home: value, at the year's end | €852,130.20 |
| Rental 1: value, at the year's end | €544,416.51 |
| All property, at the year's end | €1,396,546.71 |
| Fair Deal loan outstanding, at the year's end | €39,548.77 |
| Liquid wealth (all but property), at the year's end | €210,974.82 |
| Net worth, at the year's end | €1,567,972.76 |
| Pension in payment | €35,516.37 |
| Rental | €28,934.69 |
| Deposit interest | €60.53 |
| Income tax on rent from property in Ireland | €5,601.76 |
| Year-end settlement of the tax on income outside a payroll | -€509.25 |
| Local Property Tax | €290.66 |
| Tax relief, which comes off the tax above | €5,092.51 |
| Essential living | €48,610.29 |
| Other spending | €2,486.15 |
| Property upkeep | €13,267.98 |
| Long-term care | €28,684.85 |
| Cash and deposits, at the year's end | €91,711.83 |
| Your pension pot, at the year's end | €85,791.67 |
| Pension pots' return in the year | -€121.25 |
| Home: value, at the year's end | €1,203,272.25 |
| Rental 1: value, at the year's end | €768,757.27 |
| All property, at the year's end | €1,972,029.52 |
| Fair Deal loan outstanding, at the year's end | €173,635.71 |
| Liquid wealth (all but property), at the year's end | €177,503.49 |
| Net worth, at the year's end | €1,975,897.31 |
| Pension in payment | €35,503.22 |
| Rental | €29,119.56 |
| Deposit interest | €233.23 |
| Income tax on rent from property in Ireland | €5,637.55 |
| Tax on deposit interest (DIRT) | €76.96 |
| Year-end settlement of the tax on income outside a payroll | -€512.50 |
| Local Property Tax | €791.05 |
| Tax relief, which comes off the tax above | €5,125.04 |
| Essential living | €48,920.87 |
| Other spending | €2,485.23 |
| Property upkeep | €12,618.02 |
| Long-term care | €28,402.58 |
| Cash and deposits, at the year's end | €63,273.13 |
| Your pension pot, at the year's end | €81,977.76 |
| Pension pots' return in the year | €475.67 |
| Home: value, at the year's end | €1,386,440.62 |
| Rental 1: value, at the year's end | €885,781.51 |
| All property, at the year's end | €2,272,222.13 |
| Fair Deal loan outstanding, at the year's end | €335,488.21 |
| Liquid wealth (all but property), at the year's end | €145,250.89 |
| Net worth, at the year's end | €2,081,984.80 |
| Pension in payment | €35,681.02 |
| Rental | €29,528.18 |
| Deposit interest | €641.26 |
| Income tax on rent from property in Ireland | €5,716.66 |
| Tax on deposit interest (DIRT) | €211.62 |
| Year-end settlement of the tax on income outside a payroll | -€519.70 |
| Local Property Tax | €791.05 |
| Tax relief, which comes off the tax above | €5,196.96 |
| Essential living | €49,607.34 |
| Other spending | €2,497.67 |
| Property upkeep | €10,951.20 |
| Long-term care | €28,544.82 |
| Cash and deposits, at the year's end | €36,519.89 |
| Your pension pot, at the year's end | €73,692.44 |
| Pension pots' return in the year | -€4,186.43 |
| Home: value, at the year's end | €1,498,340.68 |
| Rental 1: value, at the year's end | €957,273.21 |
| All property, at the year's end | €2,455,613.89 |
| Fair Deal loan outstanding, at the year's end | €469,866.52 |
| Liquid wealth (all but property), at the year's end | €110,212.32 |
| Net worth, at the year's end | €2,095,959.70 |
| Pension in payment | €36,801.79 |
| Rental | €31,034.27 |
| Deposit interest | €618.11 |
| Income tax on rent from property in Ireland | €6,008.24 |
| Tax on deposit interest (DIRT) | €203.98 |
| Year-end settlement of the tax on income outside a payroll | -€22.30 |
| Local Property Tax | €791.05 |
| Tax relief, which comes off the tax above | €5,462.03 |
| Essential living | €52,137.58 |
| Other spending | €2,576.13 |
| Property upkeep | €11,266.11 |
| Long-term care | €29,441.43 |
| Cash and deposits, at the year's end | €28,930.27 |
| Your pension pot, at the year's end | €48,828.29 |
| Pension pots' return in the year | -€283.13 |
| Extra drawn from a pension, gross | €20,896.39 |
| Home: value, at the year's end | €1,764,943.31 |
| Rental 1: value, at the year's end | €1,127,602.67 |
| All property, at the year's end | €2,892,545.97 |
| Fair Deal loan outstanding, at the year's end | €571,365.78 |
| Liquid wealth (all but property), at the year's end | €77,758.56 |
| Net worth, at the year's end | €2,398,938.76 |
| Pension in payment | €37,683.98 |
| Rental | €33,006.69 |
| Deposit interest | €659.25 |
| Universal Social Charge (USC), both of you | €8.14 |
| Income tax on rent from property in Ireland | €6,390.09 |
| Tax on deposit interest (DIRT) | €217.55 |
| Income tax on extra pension drawn or inherited | €5,855.11 |
| Local Property Tax | €791.05 |
| Tax relief, which comes off the tax above | €6,029.44 |
| Essential living | €55,451.23 |
| Other spending | €2,637.88 |
| Property upkeep | €13,478.90 |
| Long-term care | €30,147.18 |
| Cash and deposits, at the year's end | €39,943.81 |
| Your pension pot, at the year's end | €630.01 |
| Pension pots' return in the year | €2,854.47 |
| Extra drawn from a pension, gross | €48,611.33 |
| Home: value, at the year's end | €1,705,214.12 |
| Rental 1: value, at the year's end | €1,089,442.36 |
| All property, at the year's end | €2,794,656.48 |
| Fair Deal loan outstanding, at the year's end | €681,526.25 |
| Liquid wealth (all but property), at the year's end | €40,573.82 |
| Net worth, at the year's end | €2,153,704.05 |
| Pension in payment | €20,977.68 |
| Rental | €19,538.24 |
| Deposit interest | €71.93 |
| Income tax on rent from property in Ireland | €3,782.60 |
| Year-end settlement of the tax on income outside a payroll | -€426.17 |
| Local Property Tax | €791.05 |
| Tax relief, which comes off the tax above | €3,356.43 |
| Essential living | €32,824.25 |
| Other spending | €1,468.44 |
| Property upkeep | €7,525.63 |
| Long-term care | €16,782.14 |
| Cash and deposits, at the year's end | €21,715.64 |
| Pension pots' return in the year | -€36.14 |
| Extra drawn from a pension, gross | €575.50 |
| Home: value, at the year's end | €1,658,037.75 |
| Rental 1: value, at the year's end | €1,059,301.89 |
| All property, at the year's end | €2,717,339.64 |
| Fair Deal loan outstanding, at the year's end | €722,816.66 |
| Liquid wealth (all but property), at the year's end | €21,715.64 |
| Net worth, at the year's end | €2,016,238.62 |
The CSV: one row a month of the traced life, to open in a spreadsheet. Each column's header says what it is, in its group, by the same name as this page gives it, so Income: Rental is the rent in the year statements above; the engine's own name follows it in square brackets, for anyone checking the figures against the engine. The groups run in this order: Income, Tax, Tax workings: PAYE, Tax workings: USC, Tax workings: PRSI, Tax workings: outside the payroll, Spending, Cash, Investments, Pensions, Property and loans, Wealth, Other money movements, Life events, Portfolio settings, Engine totals. The first columns number the rows as this page cites them (a spreadsheet shows data row 1 on its line 2, under the headers) and give the calendar. The tax workings are what each month's payroll taxes were worked from, each part worked step by step and the other charges added to it; each charge outside the payroll is listed by the figures it was worked from, by name, each lot of a fund in brackets, and an original cost of -1 means it is not known. Money is euro of the day to the cent; the column Price level turns a month's figure into today's money (divide by it).
The same engine, run again on this household, gives the same figures to the cent. These say exactly which run this is.
| The run's fingerprint | d4a2400850a677df49181d0c208ecde6adad7278740255142231a6acbbd1f337 |
| Fingerprint of the engine's program | ff005b8f40e7ac9957c42a8b37b84a8c6083621dadfb791a26f8ea33b7fc8310 |
| How many ETF holdings the run models apart | 0 |
| Months in the plan (the traced life ends at its last death) | 552 |
| Futures run | 1024 |
| Fingerprint of every rule and assumption | 5420eb57c8f5ac70c485f0af5ef24da4399f0791084950b25633540d8ba03ae6 |
| The starting number for the market draws | 3381917368 |
| The version of the engine's record layout | 6 |
| The starting number for the random draws | 20260901 |
| The run's name | web |
The run's fingerprint is taken from every rule and assumption, the engine's program, how it lays out its records, the starting number for the random draws and the run's size: the same fingerprint, the same figures. The pack runs the plan again to record the traced life's workings and changes none of it, so it carries the dashboard's fingerprint: it does.
The dashboard runs the plan as 1024 futures, each a different run of the markets and of the household's life, month by month, for up to 46 years. The sections above work the arithmetic of one of them. This one says what differs between them, where each assumption comes from, and how far the headline figure can be trusted.
| Share and fund pricesEach month's return is drawn with ups and downs that are larger at some times than others, and the occasional sudden move, set so world shares return what they have historically, not what today's forecasts sayAverage return on shares in calm markets, dividends included (an average of the years, before the drag of ups and downs): 10.8% a yearTheir ups and downs in calm markets, a year: 13.6% a yearA sudden fall or jump in calm markets: about one year in 20 | set to a published figure, a judgement |
| Calm and crisisThe market moves between a calm regime and a crisis regime; every asset responds to it, and interest rates are cut in a crisisA crisis starting: about one year in 10A crisis ending, on average after: 1 year | a judgement |
| InflationDrawn month by month around its long-run level, with the spread fitted to Irish pricesInflation's long-run level: 2.2% a yearIts spread from year to year: 3.1 pointsThe lowest it can go: -5.0% a yearHow fast it returns to that level: 54% of the way in a year | fitted to data |
| Interest ratesA short rate drawn around its long-run level; deposits earn a share of it and loans re-fix at it plus a marginThe interest rate's long-run level: 2.0% a yearIts spread from year to year: 1.2 pointsHow fast it returns to that level: 21% of the way in a yearShare of it a deposit earns: 71% | fitted to data, published |
| PayReal pay growth drawn year by year around its long-run level, so a raise or a pay cut can comePay growth above prices, on average: 0.9% a yearIts spread from year to year: 4 points | fitted to data |
| PropertyHouse prices follow the market with a lag, around a long-run growth above inflationHouse price growth above prices, on average: 1.0% a year | a judgement |
| How long each person livesEach person's own draw on an Irish life table fitted to the CSO's life expectancy, shortened by illness and care, its death rates falling year by year as the CSO projects, so each life is lived on the rates of the years it reachesEach year's fall in every death rate, in 2022 (to age 90; none from 100): 2.5% a yearThe same from 2047 on, falling straight from 2022's to it: 1.5% a yearDeath rates in good health, a share of the life table's, so that lives match it on average: 86%A lasting illness multiplies the chance of dying by: 1.5 timesBeing in care multiplies it by: 2.6 times | published |
| Health and careEach person may have a short illness, a lasting one, or go into care, more likely with ageA short illness, in a year: 3.5%A lasting illness starting, in a year at 65: 2.4%Going into care, in a year at 85: 2.1% | |
| WorkEach working person may lose their job, fall ill or step back, month by month, at rates fitted to Irish labour-force figuresMoves out of work, scaled so a worker's chance of losing their job in a quarter is Ireland's measured 1.05%: 0.3757 times |
Beside each, where its figures come from: taken from a publication, fitted to Irish or euro-area data, set so the model reproduces a published figure, or a judgement where nothing is published. The model's market register, published with it, gives each one's source.
What stays the same in every future: the household's own figures and choices (section 1), and the tax law as legislated today (section 2), its bands and credits moving with wages where the plan says so.
A future runs short in any month its cash is still below nil once everything the household allows to be sold has been sold, whatever went unpaid. The chance is the share of the futures that run short at any point before the plan ends: here 106 of 1024, 10.4%.
Chance alone. With 1024 futures, running the plan again on other random draws would move the figure by up to about 1.9 points either way, 19 times in 20, and one future is 0.098 points of it. Of the three uncertainties this is the one a larger run shrinks.
The assumptions. Each row below is the same futures, on the same random draws, with one assumption moved, so the change is the assumption's, not chance's.
| Moved | Chance of running short |
|---|---|
| As the plan stands | 10.4% |
| Share returns 2 points a year lowerWhy that much: forecasts made at today's prices are below the historical average the model is set to | 13.7%+3.3 points |
| A crisis about one year in 7, not one in 10Why that much: crises have come closer together than one a decade | 13.1%+2.7 points |
| Real pay growing 0.2% a year, not 0.9%Why that much: the value before the market review; Irish real pay has had long flat stretches | 12.7%+2.3 points |
| Inflation's long-run level one point higher, 3.2%Why that much: a higher long-run inflation than the target | 16.3%+6.0 points |
| Death rates falling 2.5% a year throughout, not easing to 1.5%Why that much: the CSO's short-term rate, held throughout, as lives lengthened faster than that in the decades before the pandemic | 12.1%+1.8 points |
The model itself. Whether this way of describing markets, health, work and lifespans captures an Irish household's risk has not been tested independently. The assumptions above are each sourced; the shape that joins them is a judgement. The figure is best read as how this plan fares under these assumptions, and the table above as how much it leans on them.
Life 5 of 1024: among the lives whose length is near the typical, the one with the typical wealth at the end, at the 49th percentile of outcomes: a typical life, not a forecast, and its rank says how its figures compare with the other futures'.
Where nothing published gives a figure, the model rests on a judgement: 64 of its settings are, most of them about markets (how often crises come, how assets move together) and health. Section 8 shows how much the headline figure leans on the main ones. The full list is technical; it is here so nothing is hidden.
| Setting | Value |
|---|---|
| Average return on shares in a crisis, dividends included | -15.0% a year |
| A sudden fall or jump in share prices in calm markets | about one year in 20 |
| A sudden fall or jump in share prices in a crisis | about one year in 5 |
| Its size in calm markets, on average | -2% |
| Its size in a crisis, on average | -8% |
| Its spread in calm markets | 5% |
| Its spread in a crisis | 10% |
| How fast share-price swings settle in a crisis | 80% of the way in a year |
| A crisis starting | about one year in 10 |
| A crisis ending, on average after | 1 year |
| How fast the dividend yield returns to its usual level | 14% of the way in a year |
| The dividend yield's ups and downs, a year | 0.2 points |
| Shares are treated as expensive above this price-to-earnings ratio (CAPE) | 30 |
| Less in shares for each point above it | 0.5 points |
| Government bond yields above the short-term interest rate | 1% |
| How far government bonds move with interest rates (duration) | 7 years |
| How far corporate bonds move with interest rates (duration) | 6 years |
| How far index-linked bonds move with interest rates (duration) | 8 years |
| Extra yield on corporate bonds in a crisis | 2% |
| How fast it builds in a crisis | 89% of the way in a year |
| How fast it fades after one | 65% of the way in a year |
| How far interest rates fall each month of a crisis | 0.15 points |
| The lowest a crisis takes long-term interest rates | 0.5% |
| How fast those cuts are given back after it | 65% of the way in a year |
| A new mortgage rate above the short-term interest rate | 1% |
| The auto-enrolment fund's return, a month | 0.5% |
| The exchange rate's starting swing where none is given (variance) | 0.0001 |
| How closely private equity follows the shares' return | 1.2 times the shares' return, dividends included |
| How much private equity's reported value lags the market | 60% |
| How closely crypto follows share prices | 1.5 times the share-price move |
| Crypto's average return (an average of the years, before the drag of its ups and downs) | 28.6% a year |
| Crypto falling to nothing, the chance a month | 0.1% |
| How closely art and collectibles follow share prices | 0.3 times the share-price move |
| Art and collectibles' ups and downs, a year | 20% |
| Setting | Value |
|---|---|
| House price growth above prices, on average | 1.0% a year |
| How closely house prices follow share prices in calm markets | 0.35 times the share-price move |
| The same in a crisis | 0.8 times the share-price move |
| Months before house prices most follow share prices, in calm markets | 6 months |
| The same in a crisis | 2 months |
| Upkeep, usually, a share of the value a year | 0.75% |
| Upkeep, the least, a share of the value a year | 0.2% |
| How fast upkeep returns to its usual level | 10% of the way in a year |
| Upkeep's ups and downs, a year | 0.15 points |
| Value lost in a damaging weather event, after insurance | 8% |
| Yearly growth in how often such events come | 3% |
| The cost of selling a property, a share of its price | 2% |
| The fees of buying a property, before stamp duty, a share of its price | 1% |
| A property sold as the last resort is on the market for | 9 months |
| And sold under its value by | 5% |
| Setting | Value |
|---|---|
| A lasting illness multiplies the chance of dying by | 1.5 times |
| A lasting illness multiplies the chance of going into care by | 2 times |
| A short illness starting, the chance a month in good health | 0.3% |
| The age from which the chance of leaving work through illness rises | 45 |
| How much it rises for each ten years over that age | 60% |
| Pay while self-employed, a share of the salary | 100% |
| Setting | Value |
|---|---|
| Investments are sold to refill the emergency fund once it falls below this share of it | 50% |
| A self-employed person's pension contributions are kept to what the month can spare after spending and the emergency fund | Yes |
| An employee's pension contributions, paid through the payroll, are kept to what the month can spare | No |
| A person short of money draws their own pension early, from 50 out of work or sick, in work from 60 or their workplace scheme's normal retirement age | Yes |
| A job lost from employment pays statutory redundancy | Yes |
| How far a holding may drift from its target before it is traded back | 5% |
| Setting | Value |
|---|---|
| Called comfortable where the chance of running short is below | 5% |
| Called broadly sound below | 25% |
| Called strained below | 60% |