Paid in Euros

former_student

Delete Thread.

caz2703

Now I'm not sure of the figures and the conversations I'm referring to go back 2+ years but here goes.

The company I work for has offices North & South. The parent companies were originally different but one bought the other one out not too long ago. In the Dublin office they got nice payrises and bonuses, we didn't even get a pat on the back. Now back then the government had just introduced tighter tax rules but we worked out that even though our counterparts were earning almost double what we were, their take home pay certainly was nowhere near double, in fact it wasn't much more than we got. I don't think we factored in things like healthcare that's free in Belfast but costs in Dublin and again, this was 2 years ago so the tax limits may have changed but I wouldn't view those Euro figures as being in any way better than the sterling figure you've quoted.

Going on exchange rate alone it's around a 10% salary increase. Use the following link as a guide but obviously I don't know your age etc so can't do much to help but without allowing for pensions, 1000 will go on tax so that's £18,500. You need to factor in travel costs if applicable and the fact that you may need to open a bank account in Ireland as I think I remember someone before having problems trying to get paid into a UK account.

http://download.pwc.com/ie/2011_budget__calculator/index.html

Pretani

former_student wrote: »

Hi All,

I currently receive a salary of £19500 per year, however I've just been offered a job across the border that pays E25,000 euros, is there any way to work out how much I would be paid in sterling after all relevant deductions? I want to see if I'm better or worse off.

Thanks in advance.

that's a big ask........obviously you can convert Euros to Pounds...that may give you what you need, however you have to consider the cost of living, etc, etc:)

Mistral001

Cost of living is still fairly high despite massive fall in property prices in the South.

Have a look at this thread:

https://forums.moneysavingexpert.com/discussion/comment/47404671#Comment_47404671

Not so sure about the differences in taxes. Seems to be quite a few people on this forum wanting to pay UK tax than ROI tax so ROI income tax etc must be still a bit higher than UK's

zonky

If you live on the border and are staying in the north then you just need to do a standard conversion. If you are intending to move to the republic then its probably not worth it.

I work in health care and i know of many nurses who flit between jobs in the north or south depending on where the best money is.

REgards
Zonky

former_student

Apologies all, I should have said that I will still be living in NI.

luckyg_2

Go to any online paye calculator and you'll see that south is lower tax, at your salary level in anycase.

€25k yields €3.5K deductions
£21K (current FX) yields £4.5K

If you were married and wife not working, southern deductions would be only €2K. Makes no difference here !

Cost of fuel, I wouldnt bother

Also you are obliged to declare any income to HM Revenue and may attract further tax due to the differential.

former_student

Unfortunately the new job only offered me E23,500 euros, definitely not worth my while as I would be out of pocket.