Tom and Joan are a single-income couple living in Dublin. Tom earns €72,000 per year as a sales rep and Joan remains at home to care for their two children on a full-time basis.
Tom has the use of a company car worth €28,000. His annual business mileage is 24,000 and his employer bears the cost of all of the running expenses of the car.
Tom has heard rumours that the PRSI ceiling applicable to employees is to increase by approximately €2,000.
Tom and Joan hope there will be an increase in the home carer tax credit, personal tax credits or the rate band for single income couples to help them cope with the cost of living in Dublin.
They also hope that the Minister provides some relief in respect of childcare costs, as Joan would ideally like to return to work but finds childcare costs prohibitively expensive.
Monthly Summary
Gross Salary €6,000
Taxable income €6,420
Income Tax €1,559
PRSI/Levy €263
Net Cash €4,178
Deductions (as % of gross salary) 30.37
Child benefit €278
