Ireland 2014 – Take Home Pay

According to calculations made by Canada Life, the proposed changes per the National Recovery Plan will mean reductions in pay by 2014 as follows:-:

Single person earning €55,000 p.a.

Take home pay will be reduced by €1,860 per annum (€36 per week) or 4.8%.

Married one-income family earning  €55,000 p.a.

Take home pay will drop by €2,310 per annum (€44 per week) or 5.4%.

For those making tax relieved pension contributions, net income would fall a further 2.5% at this income level in the private sector.

Good Financial Housekeeping helps you to cut costs and secure better value.

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