20% 20% €33,800 €32,800 €6,560 €33,800 €6,760 1000 41% 0 40% €410 €6,970 €6,760 €210 Every increase in salary means a saving in tax. This pattern continues and equals €1000 €10.00 €1000@1%=€10.00 Example: Single/Widowed/Surviving Civil Partner with dependent child If you are single with a dependent child there is no tax saving if your pension is under €36,800.00 INCOME 2014 2015 Saving 20% 20% €37,800 €36,800 €7,360 €37,800 €7,560 41% 0 40% €1,000 €410 €0 €7,770 €7,560 €210 Every increase in salary means a saving in tax. This pattern continues and equals €1000 €10.00 €1000@1%=€10.00 Example : Married One Spouse/Civil Partner with Income If you are married with one spouse with income is no tax saving if your pension is under €41,800.00 INCOME 2014 2015 Saving 20% 20% €42,800 €41,800 €8,360 €42,800 €8,560 41% 0 40% €1,000 €410 €0 €8,770 €8,560 €210 Every increase in salary means a saving in tax. This pattern continues and equals €1000 €10.00 €1000@1%=€10.00 Example Married Both Spouses/Civil Partners with Income If you are married with both spouses with income there is no tax saving if your joint income is under €65,600.00 INCOME 2014 2015 Saving
€33,800 €32,800 20% €6,560 €33,800 20% €6,760 1000 41% €410 0 40% €6,970 €6,760 €210 Every €1000 increase in salary means a €10.00 saving in tax. This pattern continues and equals €1000@1%=€10.00 Example: Single/Widowed/Surviving Civil Partner with dependent child If you are single with a dependent child there is no tax saving if your pension is under €36,800.00 INCOME 2014 2015 Saving €37,800 €36,800 20% €7,360 €37,800 20% €7,560 €1,000 41% €410 0 40% €0 €7,770 €7,560 €210 Every €1000 increase in salary means a €10.00 saving in tax. This pattern continues and equals €1000@1%=€10.00 Example : Married One Spouse/Civil Partner with Income If you are married with one spouse with income is no tax saving if your pension is under €41,800.00 INCOME 2014 2015 Saving €42,800 €41,800 20% €8,360 €42,800 20% €8,560 €1,000 41% €410 0 40% €0 €8,770 €8,560 €210 Every €1000 increase in salary means a €10.00 saving in tax. This pattern continues and equals €1000@1%=€10.00 Example Married Both Spouses/Civil Partners with Income If you are married with both spouses with income there is no tax saving if your joint income is under €65,600.00 INCOME 2014 2015 Saving
budget-changes1.docx