PRSI (Pay Related Social Insurance) is an essential part of the Irish social welfare system, providing benefits like pensions, unemployment payments, and illness benefits. If you’re working in Ireland, chances are you’re paying PRSI, since it is a mandatory contribution to anyone employed in Ireland over the age of 16. These contributions go into the Social Insurance Fund (SIF), which...
Understanding benefit in kind (BIK) can be tricky, whether you’re an employer offering perks or an employee receiving them. From company cars to meal vouchers, there’s a lot to know about what’s taxable, what’s exempt, and how it affects your payslip. In this guide, we will break down the most common BIKs, the tax rules you need to follow, and...
A payslip is a document provided by your employer that outlines your earnings and deductions for each pay period. It shows everything from your gross pay and taxes to social insurance and pension contributions, giving you a clear breakdown of how your salary is calculated. In this guide, we’ll help you understand the key elements of your payslip, including common...
Becoming a parent is an exciting and life-changing experience, but it can also come with financial and logistical challenges. In Ireland, Paternity leave provides fathers and partners with the opportunity to take time off work after the birth or adoption of a child, helping to ease those early days of parenthood. This guide covers everything you need to know about...
As we age, managing finances can get tricky, especially when living on a fixed income. Ireland offers tax breaks like the age tax credit to help ease this burden if you are 65 and over. This credit reduces the amount of income tax you pay, allowing you to keep more of your money for important expenses like healthcare, living costs,...
Receiving a bonus is a great way to reward yourself for hard work, but did you know your bonus could be heavily taxed? In Ireland, bonuses are subject to various taxes like income tax, PRSI, and USC, which can reduce your take-home amount. In this blog post, we will explain everything you need to know about how bonuses are taxed...
Renting a room in your home can be a great way to earn extra income, but did you know it could also be tax-free? The rent-a-room relief scheme is a popular option for homeowners in Ireland who want to rent a room without the hassle of paying extra taxes. In this blog post, we’ll cover everything you need to know...
Wondering how PRSI benefits can work for you in 2025? Whether you’re looking to learn about pensions, unemployment benefits, or health-related payments, we’ll break down everything you need to know in a simple, straightforward way. In this blog post we will cover: What does PRSI cover? Who can claim PRSI benefits? How to check if you’re eligible for PRSI benefits? ...
Budget 2025 took place on Tuesday October 1st. Our qualified Tax Experts here at Irish Tax Rebates will be comprehensively reviewing the 2025 Budget announcements and their implications for our clients. Budget 2025 Highlights for PAYE workers. The standard rate of income tax cut off point for the 40% tax band is to be increased, bringing the entry point from...
As a PAYE worker, knowing the important tax dates is crucial so you ensure you pay the right amounts of tax, at the right time. And individuals in Ireland must be aware of these important tax dates to avoid penalties and ensure compliance, so here’s a comprehensive timeline to help you navigate the calendar of key dates throughout the year....
Ireland’s maternity benefits are designed to offer crucial support to expecting mothers and new mothers who are on maternity leave. It is important for these individuals to have a clear understanding of their entitlements, the application process, and other essential aspects related to the benefits. This knowledge can be immensely helpful in ensuring that expecting and new mothers can navigate...
