If you are changing your job, (that is, leaving your existing job and commencing a new one), there are a number of steps you should take in relation to tax and social insurance contributions (PRSI). In addition, there are important issues to be aware of, regarding your pension.
Whenever you leave a job you should get a form P45 from your employer. From 2009 you will also be given an Income Levy Certificate for your own records. Your new employer then takes some details from your P45 and then sends your P45 form to the tax office on your behalf. If you do not submit a P45 your new employer will deduct emergency tax.
If you have an occupational pension your benefits from the pension scheme may be preserved within the scheme or transferred to another scheme. Legislation requires that when a member leaves a scheme that they must be provided with a Leaving Service Options letter within 2 months of their exit from the scheme. Before you leave your employment, you should talk to the person in the company who has responsibilty for administering the pension scheme, as each scheme has its own rules.
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie
Friday, February 26, 2010
Thursday, February 25, 2010
I was Self-Employed, can i claim Job Seekers Allowance?
If you were Self-employed (i.e. your business has to close down) or you continue to be self-employed but your work has reduced so much that it no longer provides you with a sufficient income, you may qualify for a social welfare payment. You do not need to de-register as self-employed to get a social welfare payment.
Self-employed people pay Class S PRSI. Class S PRSI only covers you for certain social welfare payments. It does not cover you for Jobseeker’s Benefit, however, if you worked as an employee in the last 4 years, you may have paid Class A PRSI and should apply to your Social Welfare Local Office for Jobseeker’s Benefit.
You may however be entitled to Jobseeker's Allowance, depending on your earnings from your business. You do not need to close your business or stop working as self-employed for you to get Jobseeker’s Allowance. The allowance is means tested however, and will depend on existing household income, audited accounts from your business will need to be produced. Contact your local Social Welfare office for details.
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie
Self-employed people pay Class S PRSI. Class S PRSI only covers you for certain social welfare payments. It does not cover you for Jobseeker’s Benefit, however, if you worked as an employee in the last 4 years, you may have paid Class A PRSI and should apply to your Social Welfare Local Office for Jobseeker’s Benefit.
You may however be entitled to Jobseeker's Allowance, depending on your earnings from your business. You do not need to close your business or stop working as self-employed for you to get Jobseeker’s Allowance. The allowance is means tested however, and will depend on existing household income, audited accounts from your business will need to be produced. Contact your local Social Welfare office for details.
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie
Wednesday, February 24, 2010
Tax Return Forms, Where can i Find them?
Most of your Tax claim forms can be found on Revenue's website, click here for a full list of available forms to download.
What Medical Expenses Can i Claim?
You may claim tax relief in respect of the cost of certain medical expenses paid by you. You cannot claim tax relief for any expenditure which has been, or will be, reimbursed by another body such as the VHI, Quinn Healthcare etc. Also be aware that claims can be made for the previous 4 tax years. Many people are not aware of certain appliances which can aslo be claimed for, for example; Wheelchair and/or Wheelchair Lift, Exercise bicycle and Computers. You may only claim relief based on the advice of a medical practitioner or where medical evidence indicates that an item is necessary.
Claims can be made via Revenue's PAYE anytime website, by completing form Med 1 or Form 11. There are many more medical expenses you can claim, further articles will be posted shortly.
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie/payrolltraining.html
Claims can be made via Revenue's PAYE anytime website, by completing form Med 1 or Form 11. There are many more medical expenses you can claim, further articles will be posted shortly.
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie/payrolltraining.html
Tuesday, February 23, 2010
Tax Refunds after Marraige
If the tax you pay as two single people is greater than the tax payable if you were taxed as a married couple, you can claim the difference. If you were married in 2009, any tax refund due to you will be calculated after 31 December 2009. If you get married in 2010, any tax refund due to you will be calculated after 31 December 2010. The standard rate cut-off point for married couples is €45,400 in 2010 (the same rate applied in 2009). This amount is taxed at 20% and the balance is taxed at 41%. Where both spouses have income, this standard rate cut-off point can be increased by the lower of the following:
-€27,400 in 2010 (the same rate applied in 2009) or
-The amount of the income of the spouse with the smaller income.
Example of Taxation of a Married Couple:
Thomas Income €48,000 + Donna's Income €24,000 = €72,000
Standard rate band
Thomas €45,400 x 20% = €9,080
2,600 x 41% = €1,066
Donna €24,000 x 20% = €4,800
= €14,946
Tax Credits Married Tax Credit €3,660
PAYE Tax Credit x 2 €3,660
= €7,320
Tax Payable €14,946 - €7,320 = €7,626
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie/payrolltraining.html
-€27,400 in 2010 (the same rate applied in 2009) or
-The amount of the income of the spouse with the smaller income.
Example of Taxation of a Married Couple:
Thomas Income €48,000 + Donna's Income €24,000 = €72,000
Standard rate band
Thomas €45,400 x 20% = €9,080
2,600 x 41% = €1,066
Donna €24,000 x 20% = €4,800
= €14,946
Tax Credits Married Tax Credit €3,660
PAYE Tax Credit x 2 €3,660
= €7,320
Tax Payable €14,946 - €7,320 = €7,626
If you have any comments or queries please use the comments or email link below or visit our website @ http://www.cops.ie/payrolltraining.html
Monday, February 22, 2010
What is Benefit-in-Kind on a Car?
The Benefit-in-kind on a car, made available by an employer for an employee's private use, is 30% of the original market value of the car, where the employer also pays for all the normal running costs. The original market value is the cost of the car when purchased new and includes Vehicle Registration Tax. However, if the employee pays any of the following costs, the 30% Benefit-in-kind is reduced by:
4.5% (to 25.5%) where employee pays for all private motoring fuel
3% (to 27%) where employee pays for all insurance
3% (to 27%) where employee pays for all servicing and repairs
1% (to 29%) where employee pays for all road tax.
In effect, if an employee pays all of the above running costs of the car, the Benefit-in-kind is 18.5% of the original market value of the car.
This does not take into account further reductions for buisness mileage, also a new system for calculating the taxable benefit arising from the provision of a company car based on CO2 emissions came into effect from 1 January 2009. It only applies to new cars which are provided after that date. Both will be discussed in a furture article.
If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie/benefit-in-kind
4.5% (to 25.5%) where employee pays for all private motoring fuel
3% (to 27%) where employee pays for all insurance
3% (to 27%) where employee pays for all servicing and repairs
1% (to 29%) where employee pays for all road tax.
In effect, if an employee pays all of the above running costs of the car, the Benefit-in-kind is 18.5% of the original market value of the car.
This does not take into account further reductions for buisness mileage, also a new system for calculating the taxable benefit arising from the provision of a company car based on CO2 emissions came into effect from 1 January 2009. It only applies to new cars which are provided after that date. Both will be discussed in a furture article.
If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie/benefit-in-kind
Employers' PRSI Exemption Scheme
What does the Employers' PRSI Exemption Scheme mean?
The Employers' PRSI Exemption Scheme means that when you employ eligible workers you will not have to pay your share of their PRSI contributions for the first two years of their employment.
There is no limit to the number of people you can employ under the Scheme. To qualify, the employer must take on an employee who is getting the Back to Work Allowance for the first time on the day he or she starts work with the company.
Click Here for more on the exemption scheme
If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie
The Employers' PRSI Exemption Scheme means that when you employ eligible workers you will not have to pay your share of their PRSI contributions for the first two years of their employment.
There is no limit to the number of people you can employ under the Scheme. To qualify, the employer must take on an employee who is getting the Back to Work Allowance for the first time on the day he or she starts work with the company.
Click Here for more on the exemption scheme
If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie
Online Redundancy Claims
Did you know the Online Redundancy Claim form allows:
-Employers to submit rebate claims for employees that have been paid redundancy.
-Liquidators/receivers/examiners to submit rebate claims for redundancies paid to employees, and lump sum claims on behalf of employees that have not been paid (full) redundancy.
-Employees to submit claims for lump sum that have not been paid by the employer.
All correctly completed Online Redundancy claims will also be given priority.
Click Here for further details.
If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie
-Employers to submit rebate claims for employees that have been paid redundancy.
-Liquidators/receivers/examiners to submit rebate claims for redundancies paid to employees, and lump sum claims on behalf of employees that have not been paid (full) redundancy.
-Employees to submit claims for lump sum that have not been paid by the employer.
All correctly completed Online Redundancy claims will also be given priority.
Click Here for further details.
If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie
Friday, February 19, 2010
What is PRSI & what is it used for?
The PRSI contribution is made up of Social Insurance and the Health Contribution (health levy), many workers were not aware of the health levy until the income levy was introduced in 2009. The Social Insurance element goes to the Social Insurance Fund ( SIF) which helps pay for Social Welfare benefits and pensions. This element is paid by employers and employees.
The Health Contribution goes to the Department of Health and Children to help fund the health services. The Health Contribution is included in the employee's share of the PRSI contribution. all employees, with very few exceptions whether full-time or part-time, pay PRSI.
The Health Contribution goes to the Department of Health and Children to help fund the health services. The Health Contribution is included in the employee's share of the PRSI contribution. all employees, with very few exceptions whether full-time or part-time, pay PRSI.
Am i entitled to PRSI credits while unemployed?
'Credits' are automatically given for any period you get Jobseeker's Benefit. 'Credits' may also be given for periods of Jobseeker's Allowance or if you participate in an education or part-time work scheme for unemployed people.
If you are sick or unemployed, you may qualify for 'credits' even if you are not getting Illness Benefit or an unemployment payment. This can happen, for example, if you:
-do not have enough PRSI contributions to qualify for benefit;
-have used up your benefit, or
-are disqualified from getting unemployment payments because of a trade dispute.
If you are unemployed, you may be entitled to sign for 'credits' at your local Social Welfare Office.
If you are sick or unemployed, you may qualify for 'credits' even if you are not getting Illness Benefit or an unemployment payment. This can happen, for example, if you:
-do not have enough PRSI contributions to qualify for benefit;
-have used up your benefit, or
-are disqualified from getting unemployment payments because of a trade dispute.
If you are unemployed, you may be entitled to sign for 'credits' at your local Social Welfare Office.
Thursday, February 18, 2010
Director Responsibilities
When a company has limited liability status, its directors are not personally liable for its debts and obligations if it is wound up or goes into receivership.
A Dáil committee has called for a change in company law to ensure that directors who try to avoid paying certain types of taxes can be made personally liable. The report from the Public Accounts Committee focused on fiduciary taxes - those collected by companies and employers from staff and suppliers which should be passed on the State. These include PAYE and PRSI payments from workers and VAT. Revenue has had to write off €1 billion in such taxes in the past ten years.
Would this change in company law discourage new startups when we need them most? With one in five startups failing within a 5 year period, would this change in company law encourage more to work harder to make their business work? Its two fold! On one hand we need the startups, we need that "irish entrepreneurial spirit". On the other, we have too many companies who recklessly and/or purposely run up huge debts, while taking full advantage of their limited liability status.
If you have any comments or queries please use the comments or email link below.
A Dáil committee has called for a change in company law to ensure that directors who try to avoid paying certain types of taxes can be made personally liable. The report from the Public Accounts Committee focused on fiduciary taxes - those collected by companies and employers from staff and suppliers which should be passed on the State. These include PAYE and PRSI payments from workers and VAT. Revenue has had to write off €1 billion in such taxes in the past ten years.
Would this change in company law discourage new startups when we need them most? With one in five startups failing within a 5 year period, would this change in company law encourage more to work harder to make their business work? Its two fold! On one hand we need the startups, we need that "irish entrepreneurial spirit". On the other, we have too many companies who recklessly and/or purposely run up huge debts, while taking full advantage of their limited liability status.
If you have any comments or queries please use the comments or email link below.
Wednesday, February 17, 2010
What notice am i required to give?
Employees who have been in continuous employment for at least 13 weeks are obliged to provide their employer with one week’s notice of termination of employment. If a greater amount of notice is specified in the employee’s contract of employment, then this notice must be given.
Employers
Employers must give employees notice dependent on length of the employee’s service.
Length of Service Minimum notice
Thirteen weeks to two years One Week
Two to five years Two Weeks
Five to ten years Four Weeks
Ten to fifteen years Six Weeks
Employers
Employers must give employees notice dependent on length of the employee’s service.
Length of Service Minimum notice
Thirteen weeks to two years One Week
Two to five years Two Weeks
Five to ten years Four Weeks
Ten to fifteen years Six Weeks
More than fifteen years Eight Weeks
Redundancy Tax-free Entitlements
Did you know on a redundancy or retirement payment, you are entitled to the higher of the following which is then exempt from tax:
Basic Exemption
The basic exemption due is €10,160, plus €765 for each complete year of service. (This does not include statutory redundancy which is tax free.)
Basic Exemption plus Increased Exemption
An additional €10,000 called the Increased Exemption is also available in the following certain circumstances:
If you haven't received a tax-free lump sum in the last 10 years
If you have never received a tax-free lump sum and you are not getting a lump sum pension payment
If you are in an occupational pension scheme, the Increased Exemption is reduced by any tax-free lump sum from the pension scheme you may be entitled to receive.
If you have any comments or queries please use the comments or email link below.
Basic Exemption
The basic exemption due is €10,160, plus €765 for each complete year of service. (This does not include statutory redundancy which is tax free.)
Basic Exemption plus Increased Exemption
An additional €10,000 called the Increased Exemption is also available in the following certain circumstances:
If you haven't received a tax-free lump sum in the last 10 years
If you have never received a tax-free lump sum and you are not getting a lump sum pension payment
If you are in an occupational pension scheme, the Increased Exemption is reduced by any tax-free lump sum from the pension scheme you may be entitled to receive.
If you have any comments or queries please use the comments or email link below.
Tax Tip, Did you Know?
Did you know you can get a refund of tax you have already paid if you were employed and find yourself unemployed. You may also get a tax refund if you are out of work due to illness. You can also get tax back if you are still employed but have paid more tax than you were liable for.
Another way to get tax back is through tax relief on services or products that you have bought. Some of the cost of certain services and products can be recouped from the tax you have already paid to the Revenue Commissioners, for example, tax relief for employing a carer and tax relief for third level education fees. The amount of relief you get depends on the amount of tax you have paid.
If you have any comments or queries please use the comments or email link below.
Another way to get tax back is through tax relief on services or products that you have bought. Some of the cost of certain services and products can be recouped from the tax you have already paid to the Revenue Commissioners, for example, tax relief for employing a carer and tax relief for third level education fees. The amount of relief you get depends on the amount of tax you have paid.
If you have any comments or queries please use the comments or email link below.
Tax Saver Commuter Ticket?
Did you know you can save up to 51% on your bus or rail fare with tax and PRSI* savings. You must order your ticket through your company and your company must be registered with Dublin Bus or Irish Rail to offer the Taxsaver Scheme to its employees.
For Example: Gross Salary - €34,000, Annual Bus & Rail ticket cost- €1190. If you opt for an Annual Bus & Rail ticket, your taxable income is €32,810. You do not pay tax, PRSI and gov levy on €1190. *PRSI rates may vary depending on your contribution class. Visit www.taxsaver.ie for more details.
If you have any comments or queries please use the comments or email link below.
For Example: Gross Salary - €34,000, Annual Bus & Rail ticket cost- €1190. If you opt for an Annual Bus & Rail ticket, your taxable income is €32,810. You do not pay tax, PRSI and gov levy on €1190. *PRSI rates may vary depending on your contribution class. Visit www.taxsaver.ie for more details.
If you have any comments or queries please use the comments or email link below.
Payroll Training Schedule
Check out our latest course schedule, we have both level 1 & Level 2 dates confirmed, visit www.cops.ie for further details.
Essential training course's for anyone, who is responsible for the payroll function, covering all essential rules in the operation of PAYE and PRSI to include the rights and obligations of both employers and employees.
If you have any comments or queries please use the comments or email link below.
Essential training course's for anyone, who is responsible for the payroll function, covering all essential rules in the operation of PAYE and PRSI to include the rights and obligations of both employers and employees.
If you have any comments or queries please use the comments or email link below.
NEW e-Learning Payroll Training
COMING SOON! New E-Learning Interactive Payroll Training Manual Based on our classroom training content, our E-learning training manual is an interactive e-book allowing all users a simple and intuitive new way of learning. Here are just a few of the features available in our new E-Learning manual;
1) Questions and Anwsers, with results score page
2) Add and save your own notes
3) Highlight and/or bookmark text
4) Updates automatically via the web
If you have any comments or queries please use the comments or email link below.
1) Questions and Anwsers, with results score page
2) Add and save your own notes
3) Highlight and/or bookmark text
4) Updates automatically via the web
If you have any comments or queries please use the comments or email link below.
Quantum Payroll 2010 Edition
Quantum Payroll is one of Ireland's most popular, reliable, and accurate payroll systems, supported by an expert team of payroll professionals. Quantum, not only gives you a system totally in tune with today’s payroll needs, but it also allows you respond to staff queries at the touch of a button. Commonly requested items such as historical payslips and copy P60’s etc. are instantly available from the system.
Please contact us on 01-2883846 or visit our website @ www.cops.ie.
If you have any comments or queries please use the comments or email link below.
Please contact us on 01-2883846 or visit our website @ www.cops.ie.
If you have any comments or queries please use the comments or email link below.
Tuesday, February 16, 2010
Work-life balance day on March 1 2010
A number of organisations are choosing to mark work-life balance day on March 1 2010
In a recession the availability of work-life balance options like flexible working, part-time working, job sharing and career breaks can meet both the needs of the business, to cut-costs, and those of employees, to increased flexibility and security Moreover, access to work-life balance initiatives can serve to motivate staff and positively effect productivity.
You may like to use the attached poster to promote work-life balance in your organisation. Hard copies are available from the Equality Authority (info@equality.ie). As well as the information on this website, the website of the National Framework Committee for Work-life Balance, http://www.worklifebalance.ie/ provides further information and is a portal to other sites.
In a recession the availability of work-life balance options like flexible working, part-time working, job sharing and career breaks can meet both the needs of the business, to cut-costs, and those of employees, to increased flexibility and security Moreover, access to work-life balance initiatives can serve to motivate staff and positively effect productivity.
You may like to use the attached poster to promote work-life balance in your organisation. Hard copies are available from the Equality Authority (info@equality.ie). As well as the information on this website, the website of the National Framework Committee for Work-life Balance, http://www.worklifebalance.ie/ provides further information and is a portal to other sites.
How is my Tax Calculated?
Patrick is single and earns €28,000 a year. He receives his notice of determination of tax credits and standard rate cut-off point from Revenue.
Patricks’s tax credits are listed on the notice as:
Single Person Tax Credit = €1,830
Employee Tax Credit = €1,830
Tax credit total = €3,660
The standard rate cut-off point for a single person is €36,400. As a result of Patrick’s income being below the cut-off point, all of his income is taxed at the standard rate, (20%), to give his gross tax.
€28,000 x 20% = €5,600 gross tax.
The total tax credits are deducted from gross tax to give the tax that is payable:
€5,600 - €3,660 = €1,940
Patrick is also liable to pay the income levy at 2% of his gross income:
€28,000 x 2% = €560
The total amount deducted from his income is:
€1,940 (income tax) + €560 (income levy) = €2,500
This is a basic calculation and does not include deductions for PRSI.
Patricks’s tax credits are listed on the notice as:
Single Person Tax Credit = €1,830
Employee Tax Credit = €1,830
Tax credit total = €3,660
The standard rate cut-off point for a single person is €36,400. As a result of Patrick’s income being below the cut-off point, all of his income is taxed at the standard rate, (20%), to give his gross tax.
€28,000 x 20% = €5,600 gross tax.
The total tax credits are deducted from gross tax to give the tax that is payable:
€5,600 - €3,660 = €1,940
Patrick is also liable to pay the income levy at 2% of his gross income:
€28,000 x 2% = €560
The total amount deducted from his income is:
€1,940 (income tax) + €560 (income levy) = €2,500
This is a basic calculation and does not include deductions for PRSI.
Monday, February 15, 2010
Minimum Wage
The National Minimum Wage Act 2000 provides that the minimum wage rate for an experienced adult employee from 1 July 2007 is €8.65 an hour, (was €8.30). An experienced adult for the purposes of the National Minimum Wage Act is an employee who has an employment of any kind in any 2 years over the age of 18.
There are some exceptions to those entitled to receive the national minimum wage. The legislation does not apply to a person employed by a close relative (for example, a spouse or parent) nor does it apply to those in statutory apprenticeships. Also some employees such as young people under 18 and trainees are only guaranteed a reduced or sub-minimum rate of the national minimum wage.
The National Minimum Wage Act provides the following sub-minimum rates:
-An employee who is under 18 is entitled to €6.06 per hour (this is 70% of the minimum wage)
-An employee who is in the first year of employment since the age of 18 is entitled to €6.92 per hour (80% of minimum wage)
-An employee who is in the second year of employment since the date of first employment over the age of 18 is entitled to €7.79 per hour (90% of the minimum wage)
There are some exceptions to those entitled to receive the national minimum wage. The legislation does not apply to a person employed by a close relative (for example, a spouse or parent) nor does it apply to those in statutory apprenticeships. Also some employees such as young people under 18 and trainees are only guaranteed a reduced or sub-minimum rate of the national minimum wage.
The National Minimum Wage Act provides the following sub-minimum rates:
-An employee who is under 18 is entitled to €6.06 per hour (this is 70% of the minimum wage)
-An employee who is in the first year of employment since the age of 18 is entitled to €6.92 per hour (80% of minimum wage)
-An employee who is in the second year of employment since the date of first employment over the age of 18 is entitled to €7.79 per hour (90% of the minimum wage)
Paternity Leave
Paternity leave is not recognised in employment law in Ireland. In other words, employers are not obliged to grant male employees special paternity leave (either paid or unpaid) following the birth of their child. Annual leave taken following the birth of a child is treated in employment law in the same way as leave taken at any other time of the year. It is at the discretion of the employer to decide who can and cannot take annual leave at a given time.
While male employees are not entitled under Irish law to either paid or unpaid paternity leave, they may be entitled to parental leave. Parental leave entitles both parents who qualify to take a period of up to 14 weeks' unpaid leave from employment in respect of children up to eight years of age.
While male employees are not entitled under Irish law to either paid or unpaid paternity leave, they may be entitled to parental leave. Parental leave entitles both parents who qualify to take a period of up to 14 weeks' unpaid leave from employment in respect of children up to eight years of age.
Sunday, February 14, 2010
How is my Maternity Benefit Calculated?
If you are employed, your weekly rate of Maternity Benefit is calculated by dividing your gross income in the relevant tax year by the number of weeks you actually worked in that year. Eighty percent (80%) of this amount is payable weekly, subject to a minimum payment and a maximum payment. (The Relevant Tax Year is the second last complete income tax year before the year in which your maternity leave starts.
Rates of payment from January 2010:
Maternity Benefit Weekly rate
Maximum payment €270
Minimum payment €225.80
Rates of payment from January 2010:
Maternity Benefit Weekly rate
Maximum payment €270
Minimum payment €225.80
Friday, February 12, 2010
Annual Leave Entitlements
Your entitlement to annual leave or holidays from work in is set out in legislation and in your contract of employment, legislation gives various entitlements to leave from work. These include annual leave, public holidays, maternity leave, adoptive leave, carer's leave, parental leave and other types of leave from work.
The Organisation of Working Time Act 1997 provides for a basic annual paid leave entitlement of 4 weeks, although an employee's contract could give greater rights.
There are 3 different ways of calculating your annual leave entitlement:
-Based on the employee's working hours during what is called the leave year, which runs from April to March. An employee who has worked at least 1,365 hours in the leave year (that is, an average working week of 26.25 hours) is entitled to the maximum of 4 weeks' annual leave. Many employers use the calendar year (January-December) instead of the official leave year to calculate entitlement.
-By allowing 1/3 of a working week for each calendar month in which the employee has worked at least 117 hours
-8% of the hours worked in the leave year, subject to a maximum of 4 weeks
An employee may use whichever of these methods gives the greater entitlement.
An employee who has worked for at least 8 months is entitled to an unbroken period of 2 weeks' annual leave.
The Organisation of Working Time Act 1997 provides for a basic annual paid leave entitlement of 4 weeks, although an employee's contract could give greater rights.
There are 3 different ways of calculating your annual leave entitlement:
-Based on the employee's working hours during what is called the leave year, which runs from April to March. An employee who has worked at least 1,365 hours in the leave year (that is, an average working week of 26.25 hours) is entitled to the maximum of 4 weeks' annual leave. Many employers use the calendar year (January-December) instead of the official leave year to calculate entitlement.
-By allowing 1/3 of a working week for each calendar month in which the employee has worked at least 117 hours
-8% of the hours worked in the leave year, subject to a maximum of 4 weeks
An employee may use whichever of these methods gives the greater entitlement.
An employee who has worked for at least 8 months is entitled to an unbroken period of 2 weeks' annual leave.
Losingyourjob.ie
Losingyourjob.ie is essential for all those either currently unemployed or soon to be unemployed. The site provides invaluable information on the following topics
-Reduced Hours of Pay
-Leaving Work
-Getting Social welfare
-Money & Tax Issues
-Help with your Rent or Mortgage
-Options for Education and Training
-Going Back to Work
- Leaving Ireland
I have reviewed all sections of this site, and highly recommend you forward details to all your friends and colleagues regardless of their situation, we all should be aware, and know what options are available to us and what our rights are.
Please leave your queries or comments using the comments link below.
-Reduced Hours of Pay
-Leaving Work
-Getting Social welfare
-Money & Tax Issues
-Help with your Rent or Mortgage
-Options for Education and Training
-Going Back to Work
- Leaving Ireland
I have reviewed all sections of this site, and highly recommend you forward details to all your friends and colleagues regardless of their situation, we all should be aware, and know what options are available to us and what our rights are.
Please leave your queries or comments using the comments link below.
Tuesday, February 9, 2010
What should my Contract of Employment Include?
The Terms of Employment (Information) Acts 1994 and 2001 provide that an employer is obliged to provide an employee with a written statement of terms of employment within the first two months of the commencement of employment.
The statement of terms must include the following information:
-The full name of employer and employee
-The address of the employer
-The place of work
-The title of job or nature of work
-The date the employment started
-If the contract is temporary, the expected duration of the contract
-If the contract of employment is for a fixed term, the details
-Details of rest periods and breaks as required by law
-*The rate of pay or method of calculation of pay
-The pay reference period for the purposes of the National Minimum Wage Act 2000
-*Pay intervals
-*Hours of work
-*That the employee has the right to ask the employer for a written statement of his/her average hourly rate of pay as provided for in the National Minimum Wage Act 2000
-*Details of paid leave
-*Sick pay and pension (if any)
-*Period of notice to be given by employer or employee
-*Details of any collective agreements that may affect the employee’s terms of employment
The statement of terms must include the following information:
-The full name of employer and employee
-The address of the employer
-The place of work
-The title of job or nature of work
-The date the employment started
-If the contract is temporary, the expected duration of the contract
-If the contract of employment is for a fixed term, the details
-Details of rest periods and breaks as required by law
-*The rate of pay or method of calculation of pay
-The pay reference period for the purposes of the National Minimum Wage Act 2000
-*Pay intervals
-*Hours of work
-*That the employee has the right to ask the employer for a written statement of his/her average hourly rate of pay as provided for in the National Minimum Wage Act 2000
-*Details of paid leave
-*Sick pay and pension (if any)
-*Period of notice to be given by employer or employee
-*Details of any collective agreements that may affect the employee’s terms of employment
Monday, February 1, 2010
What are the Income Levy Rates for Tax Year 2010?
From 1 January 2010 Income levy rates are as follows:
2% on income up to €75,036
4% on income from €75,037 to €174,980
6% on income above €174,980.
If your income is greater than the minimum threshold of €15,028 per year or €289 per week, you pay the levy on the full amount of your income. (If you are aged 65 or over the minimum threshold is €20,000 per year for a single person and €40,000 per year for a couple).
2% on income up to €75,036
4% on income from €75,037 to €174,980
6% on income above €174,980.
If your income is greater than the minimum threshold of €15,028 per year or €289 per week, you pay the levy on the full amount of your income. (If you are aged 65 or over the minimum threshold is €20,000 per year for a single person and €40,000 per year for a couple).
Work Life Balance
Work Life Balance consists of the implementation of working arrangements and policies which assist workers in combining employment with other aspects of their lives. Employers can benefit from these policies too as they can help to develop a more committed and productive workforce.
The website is hosted by the National Framework Committee for Work Life Balance Policies. The Committee was established under the Programme for Prosperity and Fairness and continues under our current National Agreement, Sustaining Progress. Visit www.worklifebalance.ie
The website is hosted by the National Framework Committee for Work Life Balance Policies. The Committee was established under the Programme for Prosperity and Fairness and continues under our current National Agreement, Sustaining Progress. Visit www.worklifebalance.ie
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