Finance & Taxation
PPS Number (Personal Public Service) Number
The District Office and the Department of Social & Family Affairs use a unique identifying number for each person. This number is called a PPS number. It generally contains seven digits and one letter.
Your PPS number is very important and you should keep a permanent record of it.
The PPS system in Ireland consists of a series of tax brackets, which determine the rate of tax you pay on your annual salary. For information on taxation in Ireland visit www.revenue.ie
Form P60
At the end of each tax year your employer must give you a certificate of pay and of the tax and PRSI deducted by him or her during the year. This certificate is called a form P60 and comes in two parts. It is your record of:
- the pay you received from your employer
- the tax deducted under PAYE and
- the PRSI contributions deducted.
If your liability to tax for any year needs to be reviewed, you will need to send one part of the form P60 to your district office. You would send a second part to the Social & Family Affairs Office as evidence that you have paid PRSI contributions, if you need to claim a benefit.
Personal Tax Credit |
Tax Year 2006 € |
Tax Year 2007 € |
Single Person |
1,630 |
1,760 |
Married Person |
3,260 |
3,520 |
Widowed Person qualifying for One Parent Family Tax Credit |
1,630 |
1,760 |
Widowed Person without dependent children |
2,130 |
2,310 |
Widowed Person in year of bereavement |
3,260 |
3,520 |
One-Parent Famlily, Widowed, Deserted, Separated or Unmarried (with quailifying dependent children, see note 1) |
1,630 |
1,760 |
Widowed Parent Bereaved in 2006 |
0 |
3,750 |
Widowed Parent Bereaved in 2005 |
3,100 |
3,250 |
Widowed Parent Bereaved in 2004 |
2,600 |
2,750 |
Widowed Parent Bereaved in 2003 |
2,100 |
2,250 |
Widowed Parent Bereaved in 2002 |
1,600 |
1,750 |
Widowed Parent Bereaved in 2001 |
1,100 |
0 |
Home Carer (max.) |
770 |
770 |
PAYE Tax Credit |
1,490 |
1,760 |
Age Tax Credit if Single/Widowed |
250 |
275 |
Age Tax Credit if Married |
500 |
550 |
Incapacitated Child (See note 1) |
1,500 |
3,000 |
Dependent Relative (See note 1) |
80 |
80 |
Blind Tax Credit - Single |
1,500 |
1,760 |
Blind Tax Credit - One Spouse Blind |
1,500 |
1,760 |
Blind Tax Credit - Both Spouses Blind |
3,000 |
3,520 |
Blind Tax Credit- Additional Allowance for Guide Dog |
825* |
825* |
Incapacitated Person - Allowance for Employing a Carer |
50,000*max |
50,000*max |
* Relief in respect of a Guide Dog and for Employing a Carer are allowable at the individual's highest rate of tax i.e. 20% / 42% in 2006 or 20% / 41% in 2007
Note 1.
The Child's/Relative's income limits |
Tax Year 2006 € |
Tax Year 2007 € |
One Parent Family Tax Credit |
0 |
0 |
Incapacitated Child Tax Credit |
0 |
0 |
Dependent Relative Tax Credit |
*11,913 |
*12,745 |
- In the case of Dependent Relative Tax Credit, if the relative's income exceeds the relevant limit no tax credit is due.
Exemption Limits
Personal Circumstances |
Tax Year 2006 € |
Tax Year 2007 € |
Single/ Widowed under 65 |
5,210 |
5,210 |
Single/ Widowed 65 years of age or over |
17,000 |
19,000 |
Married under 65 |
10,420 |
10,420 |
Married 65 years of age or over |
34,000 |
38,000 |
Additional for 1st and 2nd dependent child |
575 |
575 |
Additonal for each subsequent child |
830 |
830 |
Marginal Relief Tax Rate |
40% |
40% |
Tax Rates and Tax Bands
Personal Circumstances |
Tax Year 2006 € |
Tax Year 2007 € |
Single / Widowed without dependent children |
32,000 @ 20%, Balance @ 42% |
34,000 @ 20%, Balance @ 41% |
Single / Widowed qualifying for One Parent Family Tax Credit |
36,000 @ 20%, Balance @ 42% |
38,000 @ 20%, Balance @ 41% |
Married Couple - one spouse with income |
41,000 @ 20%, Balance @ 42% |
43,000 @ 20%, Balance @ 41% |
Married Couple - both spouses with income |
41,000 @ 20% (with an increase of 23,000 max), Balance @ 42% |
43,000 @ 20% (with an increase of 25,000 max), Balance @ 41% |
Banking
In order to open a bank account in Ireland, the following documentation is required:
- Copy of your Passport
- Home address (Country of Origin)
- 2 bills (Recent household bills such as telephone or electricity not more than 3 months old)
- 3-6 months of bank statements
- loan statement/mortgage statements (if applicable)
- letter of introduction from your employer
Throughout Ireland banks are generally opened weekdays from 09h30 to 04h30, but be aware that some banks open and/or close later.
The main Irish banks are Bank of Ireland, Allied Irish Bank (AIB), National Irish Bank, Permanent TSB and Ulster Bank.
For more information visit www.citizeninformation.ie and go to the Money & Tax section.
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