Understanding Pension Contributions Tax Relief in Ireland Establishing a pension fund is an incredibly smart and forward-thinking move to ensure you have the financial means and support necessary after you’ve retired from work. Whether adding 1% or 10% of annual earnings to their pension funds, many people don’t realise that their contribution payments every year are eligible for tax relief....
Are you one of the estimated 400,000 people in Ireland who have health insurance fully or partially paid for by their employers? Did you know that you may be eligible to claim tax back on such health insurance schemes? Many people in Ireland assume that where health insurance is paid or part-paid by an employer, they are not eligible to...
Have you previously been employed on a short-term contract? Did you know, that even short-term workers such as students working for the Summer, construction workers contracted for particular works, agency temps or factory workers, could be entitled to tax back? Read on to discover three such reasons why you may be eligible to claim tax back on your short-term contract....
The Dependent Relative Tax Credit credit is just one of many you should be aware of. You could be owed hundreds worth in rebates if you have not yet claimed. If you’re one of many people in Ireland unsure about what the dependent relative tax credit is, and how you can get your tax refund, we’re here to help. This...
What is a Personal Tax Credit? Personal tax credits are due to every taxpayer resident in Ireland and serve to reduce the amount of income on which you are required to pay tax, ultimately lowering your overall tax liability. Personal tax credits are divided into various categories, and the specific credits applicable to you will depend on your marital status...
Every year, thousands of tax credits go unclaimed. During our tax reviews for clients, we have found this to be especially true for medical and healthcare professionals. Unbeknownst to many professionals working in the healthcare sector, there are a number of important tax credits that they should be claiming. 1. Education Fees Are you a student doctor/nurse? Do...
Facing unemployment is a tough prospect. However if you have recently become unemployed after a period of employment, you’ll be happy to know that you may be eligible to claim tax back. A tax rebate can go a long way to helping yourself financially while you try to secure a new role. The size of the tax rebate that you...
Starting a new job after a sustained period of unemployment is an exciting time. Finally, you have a new opportunity to gain more skills, meet new people, and further your career. However, did you know that if you started a new job in the last four years you may also be eligible to claim tax back too? A relatively recent...
The Special Assignee Relief Programme is specifically aimed at employees who have been assigned by his or her employer to relocate to Ireland to work for that same employer. If the employee earns in excess of €75,000 per year, they may be eligible to claim tax back under the Special Assignee Relief Programme. The conditions to qualify for SARP are...
In an effort to encourage export-led business, particularly to emerging market economies, the government have introduced a “Foreign Earnings Deduction” tax credit. The Foreign Earnings Deduction Tax Credit In short, this tax credit is allowable to an employee or director who spends more than 30 days of the year on company business in a country that is classified as...
For many people, taxation is a topic of discussion they like to avidly avoid. However, in avoiding any dealings with taxation, you could then miss out on a sizable tax rebate. The long list of tax credits and reliefs you may be eligible for could surprise you. Therefore, it’s always best to check to make sure you’re not missing out...
