Pat and Geraldine are in their thirties and live in Limerick with their two children.
Pat works in the information technology sector and earns an annual salary of €46,000. He makes pension/ AVC contributions of €320 per month. Pat's employer pays his annual health insurance and also his gym subscription.
The total annual value of his benefits is €1,800. Geraldine job-shares and earns an annual salary of €22,000. As the creche is costing €1,000 per month, Geraldine is considering giving up her job to remain at home.
Both Pat and Geraldine are fond of socialising when the chance arises and like to drink beer and spirits when out in company.
They hope that the Minister will increase the standard rate band to take them out of the high tax bracket.
Their main wish, though, is that they get some form of tax relief for the ever-rising childcare costs.
Monthly Summary
Gross Salary €6,000
Taxable income €5,497
Income Tax €736
PRSI/Levy €286
Net Cash €4,325
Deductions (as % of gross salary) 18.02
Child benefit €278
