1Gross Pay
Your calculation starts with your Gross Pay. This is your salary before any deductions like tax, pension contributions, or health insurance.
2Income Tax (PAYE)
PAYE (Pay As You Earn) is calculated using two tax bands:
- 20% Standard Rate: First portion of income (e.g., first €44,000 for single).
- 40% Higher Rate: All income above that threshold.
⚡️ Quick Band Checker
3Tax Credits
Tax credits reduce the amount of PAYE you owe. Most employees in 2026 have:
- Personal Tax Credit: €2,000
- Employee Tax Credit: €2,000
Married? You may be able to transfer credits via Joint Assessment.
4USC & PRSI
USC Rates (2026)
| 0.5% | First €12,012 |
| 2.0% | Next €16,688 |
| 3.0% | Next €41,344 |
| 8.0% | Balance |
PRSI (Social Insurance)
Most employees pay Class A (4%). This contributes to your State Pension and other social welfare benefits.
Ready to see your net pay?Recommended Tool
Our advanced PAYE calculator handles all tax bands, credits, and the latest USC changes automatically.
5Investment Taxes: CGT vs Exit Tax
Capital Gains Tax (CGT)
Applies to individual stocks, gold, and most properties.
- •Rate: 33% on gains.
- •Allowance: First €1,270 of annual gains are tax-free.
- •Timing: Tax is only paid when you sell (realize) the asset.
Exit Tax (Life Assurance)
Applies to ETFs and life assurance policies.
- •Rate: 41% on gains.
- •Deemed Disposal: Tax is due every 8 years even if you don't sell.
- •No Allowance: No annual tax-free threshold.
Calculate Investment TaxRecommended Tool
Use our specialized ETF tax calculator to handle deemed disposal and compare with standard CGT assets.
6Equity & Stock Options (RSU/ESPP)
Visualise Total Comp→RSU Vesting
When Restricted Stock Units (RSUs) vest, they are treated as notional pay and taxed at your marginal rate (PAYE + USC + PRSI), typically 52% for higher earners.
ESPP Discounts
The discount you receive (e.g., 15% off market price) is treated as a Benefit in Kind (BIK) and is subject to Income Tax, USC, and PRSI at the time of purchase.
7Bike to Work Scheme
How it Works
Your employer pays for the bike and equipment, and you pay them back through salary sacrifice over up to 12 months. This means you don't pay Income Tax, USC, or PRSI on the cost of the bike.
Tax Savings
Higher-rate taxpayers (40%) can save up to 52% on the cost of the bike. Standard-rate taxpayers typically save around 31%.
💡Reduces PRSI & USC base too!
Maximum Limits
- 🚲 Regular Bike: €1,250
- ⚡ E-Bike: €1,500
- 📦 Cargo Bike: €3,000
* Available once every 4 years