Personal Circumstances 2010 2011 2014 – Single @ 20% @ 20% €36,400 €32,800 Balance @ 41% Balance @ 41% Married Couple one spouse with @ 20% @ 20% €45,400 €41,800 Income Balance @ 41% Balance @ 41% Married Couple both spouses @ 20% @ 20% €45,500 €41,800 with Income with increase of max. with increase of max. €27,400 €23,800 Balance @ 41% Balance @ 41% Calculated below is the would be effect of the reduction in tax credits and tax bands on a single individual with a pension of (Inspector) ignoring the PSPR: €38,649 2010 2011 - 2014 @ @ 20%: €36,400 €7,200 €32,800 €6,560 Balance of @ 41%: 922 Balance of @ 41%: €2,249 € €5,849 €2,398 Total Tax: Total Tax: €8,122 €8,958 Less Tax Credits: Less Tax Credits: Single Credit Single Credit €1,830 €1,650 PAYE Credit PAYE Credit €1,830 €1,650
Personal Circumstances 2010 2011 – 2014 Single €36,400 @ 20% Balance @ 41% €32,800 @ 20% Balance @ 41% Married Couple one spouse with Income €45,400 @ 20% Balance @ 41% €41,800 @ 20% Balance @ 41% Married Couple both spouses with Income €45,500 @ 20% with increase of €27,400 max. Balance @ 41% €41,800 @ 20% with increase of €23,800 max. Balance @ 41% Calculated below is the would be effect of the reduction in tax credits and tax bands on a single individual with a pension of €38,649 (Inspector) ignoring the PSPR: 2010 2011 - 2014 €36,400 @ Balance of €2,249 @ 41%: Total Tax: €7,200 € 922 €8,122 €32,800 @ 20%: Balance of €5,849 @ 41%: Total Tax: €6,560 €2,398 €8,958 Less Tax Credits: Single Credit €1,830 PAYE Credit €1,830 Less Tax Credits: Single Credit €1,650 PAYE Credit €1,650