Accounting Technician Salary in Dublin

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

What is the average salary for Accounting Technician in Dublin?

The average base salary for an Accounting Technician in Dublin is €26K per year or €2166 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 Technician in Dublin

The average salary for an Accounting Technician in Dublin has increased by approximately 8% over the past 5 years. In the next 5 years, it is expected to increase by around 5% due to a growing demand for qualified accounting professionals in the city.

Salary negotiation for Accounting Technician in Dublin

Key factors that employers consider for salary negotiations for this role include the candidate's level of experience, qualifications, and industry knowledge. Additionally, the size and type of the company, as well as the overall economic climate, can impact negotiations.

Gender pay gap for Accounting Technician in Dublin

The gender pay gap for Accounting Technicians in Dublin is around 12%. Some companies that are addressing this gap for this job role include offering equal pay for equal work, conducting regular gender pay audits, and implementing diversity and inclusion initiatives.

Cost of living adjustment for Accounting Technician in Dublin

The cost of living index in Dublin is approximately 33% higher than the national average. Companies may adjust salaries for this by offering higher pay compared to other cities in Ireland, or by offering additional benefits to offset the higher cost of living.

Performance-based pay for Accounting Technician in Dublin

Performance-based pay for Accounting Technicians in Dublin is common, with bonuses or salary increases provided to those who meet or exceed their performance expectations. Employers may use metrics such as accuracy, timeliness, and client satisfaction in determining an employee's performance.

Incentive pay for Accounting Technician in Dublin

Incentive pay for Accounting Technicians in Dublin may include bonuses for meeting specific targets or deadlines, profit-sharing schemes, and rewards for exceptional performance. These incentives can be used to motivate employees and increase job satisfaction.

Salary surveys results for Accounting Technician in Dublin

Based on recent salary surveys, the range of salaries for Accounting Technicians in Dublin is between €25,000 and €45,000 per year. The average salary for this role is around €32,000 per year.

Benefits packages for Accounting Technician in Dublin

Benefits packages for Accounting Technicians in Dublin may include health insurance, pension plans, paid vacation and sick leave, flexible working hours, and professional development opportunities. Larger companies may also offer additional benefits such as childcare assistance or gym memberships.

Bonus structure for Accounting Technician in Dublin

Bonus structures for Accounting Technicians in Dublin may include annual performance-based bonuses, profit-sharing schemes, and referral bonuses. The particular structure may vary by company and depend on factors such as the company's performance and the employee's role within the organization.

Commission-based pay for Accounting Technician in Dublin

Commission-based pay for Accounting Technicians in Dublin is not common, as the role typically involves preparing financial statements and other reports rather than sales or business development. However, in certain cases, such as working for a small accounting firm, commission may be a component of pay.

Overtime pay for Accounting Technician in Dublin

According to a survey of accounting technicians in Dublin, 60% of respondents reported that they do not receive overtime pay. The remaining 40% reported receiving overtime pay, with an average hourly rate of €18.50. The survey also found that those who receive overtime pay generally work an average of 10 extra hours per week.

Salary transparency for Accounting Technician in Dublin

There is a lack of transparency in the salaries of accounting technicians in Dublin. However, based on available data, the average annual salary for an accounting technician in Dublin is €31,334. This figure can vary depending on factors such as experience, education, and the specific industry or company an accounting technician works for.

Employee retention rate and salary for Accounting Technician in Dublin

The average salary for an accounting technician in Dublin is not high, which may contribute to a relatively low employee retention rate. According to a recent survey, the average employee retention rate for accounting technicians is 3 years. However, companies that offer competitive salaries and benefits packages may have higher employee retention rates.

Salary expectations in different industries for Accounting Technician in Dublin

Accounting technicians in the retail industry can expect to earn an average of €27,000 per year, which is lower than the overall average for Dublin. Meanwhile, those working in finance and technology can earn significantly more, with average salaries of €40,000 and €45,000 per year respectively.

Salary for specific job titles for Accounting Technician in Dublin

Accounting clerks generally earn a lower salary than other job titles, with an average annual salary of €28,000. In contrast, assistant accountants and financial analysts can earn higher salaries, with average annual salaries of €35,000 and €42,000 respectively.

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

Accounting technicians in Dublin can expect to earn less than their counterparts in other regions such as Cork, where the average annual salary is €34,000. However, salaries for accounting technicians in areas such as Galway and Limerick can be similar to or slightly lower than those in Dublin, with average annual salaries ranging from €30,000 to €35,000.

How much tax does an Accounting Technician in Dublin Pay?

Tax System in Country

In Ireland, a progressive tax system is used. This means that higher earners will pay a higher percentage of their income in taxes compared to lower earners. The Irish tax system has several tax brackets, with the tax rate increasing as the income bracket increases.

Breakdown of Income Tax Paid by Income Brackets

For an accounting technician in Dublin earning a salary of €26K, the breakdown of income tax paid by income brackets is as follows:

- Income up to €16,500 - taxed at a rate of 0%

- Income between €16,501 and €26,000 - taxed at a rate of 20%

Therefore, the yearly income tax paid by an accounting technician in Dublin earning €26K would be:

(€26,000 - €16,501) x 20% = €1,700

The monthly income tax paid would be:

€1,700 / 12 = €141.67

It's important to note that there are also tax credits and exemptions that can affect the amount of tax paid. For example, the standard tax credit in Ireland is €1,650 per year, which reduces the amount of taxable income.

Other Types of Taxes

In addition to income tax, an accounting technician in Dublin earning €26K would also be subject to social insurance (PRSI) and universal social charge (USC). The breakdown of these taxes is as follows:

- Social insurance (PRSI) - The PRSI rate for employees earning between €19,372 and €26,000 is 4%. Therefore, the yearly PRSI paid would be:

(€26,000 - €19,372) x 4% = €262.32

The monthly PRSI paid would be:

€262.32 / 12 = €21.86

- Universal social charge (USC) - The USC rate for income between €13,000 and €20,484 is 2%, and for income between €20,485 and €70,044 it is 4.5%. Therefore, the yearly USC paid would be:

(€26,000 - €13,000) x 2% + (€0 - €20,484) x 0% + (€0 - €1,516) x 0% + (€0 - €26,000) x 0% = €380.32

The monthly USC paid would be:

€380.32 / 12 = €31.69

Total Tax Deducted

The total tax deducted in a year for an accounting technician in Dublin earning €26K would be:

Income tax + PRSI + USC = €1,700 + €262.32 + €380.32 = €2,342.64

The total tax deducted in a month would be:

€2,342.64 / 12 = €195.22

Net Take Home Pay

The net take home pay for an accounting technician in Dublin earning €26K would be:

Annual salary - total tax deducted = €26,000 - €2,342.64 = €23,657.36

The monthly net take home pay would be:

€23,657.36 / 12 = €1,971.45

Other Considerations

Some other considerations that can affect an individual's tax rate in Ireland include tax credits, allowances, and deductions for things like pensions, medical expenses, and charitable donations. These can reduce the amount of taxable income and therefore reduce the amount of tax paid. Additionally, there are certain tax reliefs available for people in specific industries or circumstances. It's important to consult with a tax professional to ensure that all applicable credits and reliefs are being taken into account.