Does Anyone Work in the ROI?

shaz77_2

Hi All,

I'm just about to embark on a job across the border in the ROI and I'm wondering what all I'll need to do in order to be correctly setup for tax deductions etc? I'm assuming I'll need a ROI bank account for my salary to be paid into and as it will be paid in euros what is the best way to get it converted to sterling as I'll still be living in NI and most of my bills will be paid in sterling - actually my mortgage comes out of a Northern account so I'm concerned about this.

Thanks in advance

Mistral001

shaz77 wrote: »

Hi All,

I'm just about to embark on a job across the border in the ROI and I'm wondering what all I'll need to do in order to be correctly setup for tax deductions etc? I'm assuming I'll need a ROI bank account for my salary to be paid into and as it will be paid in euros what is the best way to get it converted to sterling as I'll still be living in NI and most of my bills will be paid in sterling - actually my mortgage comes out of a Northern account so I'm concerned about this.

Thanks in advance

You can still get your money paid into your NI bank account, but you need to find out if there will be a fee charged on top of the currency convertion fee. I get some freelance work I do in the South paid in Euros and the Northern Bank charge me £6.00 for receiving it, unless the bank it is coming from is the Northern's sister bank in the South (National Irish Bank) when there is no fee. If it is your salary, the usual fee might not be charged. Having a word with your bank will do no harm.

The following thread I started may help:

https://forums.moneysavingexpert.com/discussion/3503631

dsab

In real MSE style I would recommend to take the money out in cash and to change them at one of the many Bureau de Change into £. You will save a lot of money every month.

First trust for example doesn't charge for receiving Euro, but will charge a 2.5% conversion fee (which is added onto the exchange rate given). Changing the money along the border will give you a much better rate then the bank will give you.

crazyguy

Post here with details on : https://forums.moneysavingexpert.com/discussion/3540591=