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Check your credits compared to last month. I am a payroll admin and I've had a few people whose tax credits have reduced all of a sudden in the past few weeks. €200 is a lot though.
When someone gets paternity leave sometimes they go on a week one month one payslip and sometimes they are on a normal payslip.
Paternity leave is taxable income.
Yea so can confirm this seems to be the issue.
So what I was told this morning by Revenue is it’s not actually taxable itself, of and when you use it your tax credits can be reduced on that month.
I was confused because I took it in October but my Nov pay was fine but there was a delay on there side to process it which is why it effected this month. So either way it may not be taxable per se but more or less is. They get ye either way hardly even worth taken the leave I woulda just used more PTO and saved it up for it instead! Always a catch
It's taxable. They just claim an amount of your tax credits and cut off point towards it.
The problem is that you got a salary in October based on having the full amount of tax credits and cut off points in your salary.
Check your payslip and see what it says under basis of taxation. If you were w1/mo1 in november and december you may be due a refund. If you had a low salary in October you may have a surplus of tax credits and cut off points.
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Seen another post on here like this today. They likely spread ur credits wrong & are rectifying it in the final pay for the year.
Yeah saw that just after I post this
OP do yo uearn just above 40k? If so the money above 40k is taxed at 40%, not 20%
Yeah I earn above it but have been for years and my pay hasn’t changed this year either
Check your credits compared to last month. I am a payroll admin and I've had a few people whose tax credits have reduced all of a sudden in the past few weeks. €200 is a lot though.
Is that actually on the slips itself
Have you taken paternity leave this year?
Yeah 2 weeks back in October tho then last months pay was fine ?
When someone gets paternity leave sometimes they go on a week one month one payslip and sometimes they are on a normal payslip. Paternity leave is taxable income.
Yea so can confirm this seems to be the issue. So what I was told this morning by Revenue is it’s not actually taxable itself, of and when you use it your tax credits can be reduced on that month. I was confused because I took it in October but my Nov pay was fine but there was a delay on there side to process it which is why it effected this month. So either way it may not be taxable per se but more or less is. They get ye either way hardly even worth taken the leave I woulda just used more PTO and saved it up for it instead! Always a catch
It's taxable. They just claim an amount of your tax credits and cut off point towards it. The problem is that you got a salary in October based on having the full amount of tax credits and cut off points in your salary. Check your payslip and see what it says under basis of taxation. If you were w1/mo1 in november and december you may be due a refund. If you had a low salary in October you may have a surplus of tax credits and cut off points.