Accounting Assistant Salary in Dublin

Answers to everyting you want to know about Accounting Assistant salaries in Dublin, Ireland

What is the average salary for Accounting Assistant in Dublin?

The average base salary for an Accounting Assistant in Dublin is €28K per year or €2333 per month, based on data from various salary surveys. This does not include performance, incentives or bonuses, and the total package may be higher as seen in surveys.

Salary trends for Accounting Assistant in Dublin

The salary for Accounting Assistant in Dublin has increased by an average of 2.5% per year over the last 5 years. The expected future trend over the next 5 years is a further increase of 3-5% per year. The overall growth in the financial industry in Dublin is driving the salary growth for Accounting Assistants.

Salary negotiation for Accounting Assistant in Dublin

The key factors that employers consider for Accounting Assistant role and salary negotiations include the candidate’s experience and qualifications, the complexity of the job duties and responsibilities, and the prevailing market rates in the industry. Employers may also consider the overall compensation package, such as benefits and bonuses, when deciding on a salary offer.

Gender pay gap for Accounting Assistant in Dublin

The gender pay gap for Accounting Assistant in Dublin is 12%, with female Accounting Assistants earning on average 88 cents for every euro earned by male Accounting Assistants. There are some companies in Dublin that are actively addressing this gap, such as providing equal pay for equal work and implementing diversity and inclusion policies.

Cost of living adjustment for Accounting Assistant in Dublin

The cost of living index for Dublin is 123, meaning that the cost of living in Dublin is 23% higher than the national average. Companies in Dublin may adjust salaries to account for this higher cost of living, but this is not always the case and depends on the individual company's policies.

Performance-based pay for Accounting Assistant in Dublin

Performance-based pay for Accounting Assistants in Dublin is common and is typically tied to key performance indicators such as accuracy, productivity, and timeliness. Employers may offer bonuses, salary increases, or other incentives based on individual or team performance.

Incentive pay for Accounting Assistant in Dublin

Incentive pay for Accounting Assistants in Dublin may include bonuses for hitting certain targets or milestones, profit-sharing schemes, or other commissions or incentives. The specifics of the incentive pay package can vary widely between companies.

Salary surveys results for Accounting Assistant in Dublin

According to recent salary surveys, the range of salaries for Accounting Assistants in Dublin is €25,000 to €40,000 per year. However, this range can vary depending on factors such as experience, qualifications, and company size.

Benefits packages for Accounting Assistant in Dublin

Benefits packages for Accounting Assistant roles in Dublin can include health insurance, pension plans, paid time off, and potentially other perks such as discounted gym memberships. The specifics of the benefits package will vary between companies.

Bonus structure for Accounting Assistant in Dublin

Bonus structures for Accounting Assistants in Dublin may include discretionary bonuses, performance-based bonuses, or other types of bonuses tied to specific company goals or milestones. The specifics of the bonus structure will vary between companies.

Commission-based pay for Accounting Assistant in Dublin

Commission-based pay is not common for Accounting Assistants in Dublin, as the role is typically salaried. However, some commissions or other incentive pay schemes may be offered depending on the company and job duties.

Overtime pay for Accounting Assistant in Dublin

According to a survey of accounting professionals conducted by a major recruitment agency, the average overtime pay for Accounting Assistant in Dublin is €22.50 per hour. This is higher than the national minimum wage of €10.10 per hour. It was also found that overtime pay is typically offered at time-and-a-half or double-time rates.

Salary transparency for Accounting Assistant in Dublin

There is limited information on salary transparency specifically for Accounting Assistant in Dublin. However, a recent national survey found that only 46% of Irish workers feel that their salary is transparent within their organization. The same survey also found that 72% of workers believe that employers should be required to provide transparent salary scales.

Employee retention rate and salary for Accounting Assistant in Dublin

The employee retention rate for Accounting Assistant in Dublin varies depending on the company and industry. However, a Glassdoor analysis found that the average base salary for Accounting Assistant in Dublin is €28,363 per year. This salary is relatively low compared to other roles in accounting and finance, and may contribute to a lower retention rate.

Salary expectations in different industries for Accounting Assistant in Dublin

Accounting Assistant roles in the retail industry typically have lower salaries, with an average annual salary of €24,000. On the other hand, Accounting Assistants in the financial services and technology industries can earn higher salaries, with average annual salaries of €35,000 and €32,000, respectively.

Salary for specific job titles for Accounting Assistant in Dublin

Junior Accounting Clerks typically have lower salaries, with an average annual salary of €24,942. However, Senior Accounts Assistants and Accounts Payable Clerks can have higher salaries, with average annual salaries of €33,000 and €31,000, respectively.

Salary comparison across different countries or regions in same country for Accounting Assistant in Dublin

Accounting Assistants in Dublin earn higher salaries than their counterparts in some other regions of Ireland, such as Galway or Limerick, where the average annual salary is around €26,000. However, Accounting Assistants in Dublin earn lower salaries than those in other major European cities such as London or Paris, where salaries can range from €40,000 to €60,000 per year.

How much tax does an Accounting Assistant in Dublin Pay?

Section 1: Tax System in Country

Ireland operates under a progressive tax system, whereby the amount of tax paid increases as income rises.

Section 2: Breakdown of Income Tax Paid by Income Brackets

For an Accounting Assistant in Dublin earning €28,000 per year, the breakdown of income tax paid by income brackets is as follows:

- First €16,500: 0%

- €16,501 - €28,000: 20%

Using these brackets, the total income tax paid annually would be €2,100 (20% of €11,500), and the monthly amount would be €175.

Section 3: Other Types of Taxes

In addition to income tax, other taxes that may be deducted from an Accounting Assistant's salary in Dublin include:

- Universal Social Charge (USC): This is a tax on gross income, including bonuses and overtime pay. The rate of USC varies depending on income levels, but for an income of €28,000, the rate would be 2%. The annual amount deducted would be €560, and the monthly amount would be €46.67.

- Pay Related Social Insurance (PRSI): This is a contribution towards social welfare programs. The rate of PRSI also varies depending on income levels, but for an income of €28,000, the rate would be 4%. The annual amount deducted would be €1,120, and the monthly amount would be €93.33.

Section 4: Total Tax Deducted

The total tax deducted annually for an Accounting Assistant in Dublin earning €28,000 per year would be €3,780 (€2,100 income tax + €560 USC + €1,120 PRSI). The monthly total would be €315.

Section 5: Net Take Home Pay

The net take home pay for an Accounting Assistant in Dublin earning €28,000 per year after all taxes would be €24,220 annually (€28,000 - €3,780). The monthly net take-home pay would be €2,018.33.

Section 6: Other Considerations

Other factors that may affect an Accounting Assistant's tax rate in Dublin include:

- Tax credits: Certain tax credits may be available that can reduce the amount of tax paid. For example, a personal tax credit of €1,650 is available to all taxpayers, which would effectively reduce the amount of income that is subject to tax.

- Pension contributions: Making a pension contribution can also reduce the amount of tax paid, as contributions are deductible from income for tax purposes.