Accounts Payable Specialist Salary in Dublin

Answers to everyting you want to know about Accounts Payable Specialist salaries in Dublin, Ireland

What is the average salary for Accounts Payable Specialist in Dublin?

The average base salary for an Accounts Payable Specialist in Dublin is €32K per year or €2666 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 Accounts Payable Specialist in Dublin

The salary for an Accounts Payable Specialist in Dublin has increased by an average of 5% over the last 5 years. It is expected to continue to grow by an additional 3-5% over the next 5 years.

Salary negotiation for Accounts Payable Specialist in Dublin

Employers consider experience, education and skills when negotiating salaries for Accounts Payable Specialists in Dublin. Other factors included are the competitive market, company budget, and the economic climate.

Gender pay gap for Accounts Payable Specialist in Dublin

The gender pay gap for Accounts Payable Specialists in Dublin is approximately 13% in favor of male workers. While no specific companies were named, some businesses are actively taking steps towards reducing this pay gap.

Cost of living adjustment for Accounts Payable Specialist in Dublin

The cost of living index in Dublin is 30% higher than the national average. Employers do adjust salaries for cost of living expenses, but it varies by the company and the job role.

Performance-based pay for Accounts Payable Specialist in Dublin

Performance-based pay is common for Accounts Payable Specialists in Dublin. Employers assess workers annually and provide pay increases based on individual job performance.

Incentive pay for Accounts Payable Specialist in Dublin

Incentive pay, such as bonuses or profit sharing, is not common for Accounts Payable Specialists in Dublin.

Salary surveys results for Accounts Payable Specialist in Dublin

Salary surveys indicate that the salary range for an Accounts Payable Specialist in Dublin is €30,000 to €45,000 per year.

Benefits packages for Accounts Payable Specialist in Dublin

Benefits packages for Accounts Payable Specialists in Dublin often include health insurance, paid time off, and retirement plans such as pensions and 401(k)s.

Bonus structure for Accounts Payable Specialist in Dublin

Bonuses are not common for Accounts Payable Specialists in Dublin, but some companies may offer a small bonus for exceptional job performance.

Commission-based pay for Accounts Payable Specialist in Dublin

Commission-based pay is not a typical payment method for Accounts Payable Specialists in Dublin as commission is only offered for sales roles.

Overtime pay for Accounts Payable Specialist in Dublin

According to a survey of accounting professionals in Ireland, approximately 70% of respondents reported receiving overtime pay. However, the exact amount of overtime pay for Accounts Payable Specialists in Dublin is not specified. The overtime pay rate may vary depending on the employer and industry.

Salary transparency for Accounts Payable Specialist in Dublin

Salary transparency for Accounts Payable Specialists in Dublin is not widely practiced. However, companies in Ireland are expected to comply with the Irish Human Rights and Equality Commission code of practice on access to employment. This code provides guidelines on transparency and equal pay in the workplace.

Employee retention rate and salary for Accounts Payable Specialist in Dublin

The employee retention rate and salary for Accounts Payable Specialists in Dublin may vary depending on the industry and the employer. According to Payscale, the average salary for an Accounts Payable Specialist in Dublin is €33,453 per year. However, the salary may range between €25,000 to €46,000 per year. The employee retention rate is not available.

Salary expectations in different industries for Accounts Payable Specialist in Dublin

The salary expectations for Accounts Payable Specialists in Dublin may vary depending on the industry. For example, the hospitality industry has a lower salary range for Accounts Payable Specialists, with an average salary of €28,000 per year. On the other hand, the technology industry has a higher salary range, with an average salary of €38,000 per year. The financial services industry also has a higher salary range, with an average salary of €36,000 per year.

Salary for specific job titles for Accounts Payable Specialist in Dublin

The salary for Accounts Payable Specialists in Dublin may vary depending on the job title. For example, a Junior Accounts Payable Specialist may earn an average salary of €29,000 per year. In contrast, a Senior Accounts Payable Specialist may earn an average salary of €41,000 per year. A Payroll and Accounts Payable Specialist may earn an average salary of €40,000 per year.

Salary comparison across different countries or regions in same country for Accounts Payable Specialist in Dublin

The salary for Accounts Payable Specialists may vary across different regions in Ireland. For example, in Cork, the average salary for an Accounts Payable Specialist is €28,945 per year, which is lower than the average salary in Dublin. However, in Galway, the average salary for an Accounts Payable Specialist is €36,382 per year, which is higher than the average salary in Dublin. In Limerick, the average salary for an Accounts Payable Specialist is €32,736 per year.

How much tax does an Accounts Payable Specialist in Dublin Pay?

Tax System in Country

The tax system used in Ireland is a progressive tax system. This means that the more an individual earns, the higher the percentage of their income is taxed.

Breakdown of Income Tax Paid by Income Brackets

For an Accounts Payable Specialist in Dublin earning a salary of €32K per year:

- The first €16,500 of income is taxed at a rate of 20%, resulting in a tax payment of €3,300 annually, or €275 monthly.

- The remaining €15,500 of income is taxed at a rate of 40%, resulting in a tax payment of €6,200 annually, or €517 monthly.

There are also some exemptions available that may reduce the tax liability, such as the standard deduction and personal tax credits. The standard deduction for a single person is €1,650 per year.

Other Types of Taxes

In addition to income tax, there are other types of taxes that are deducted in Ireland. These include:

- Universal Social Charge (USC): This is a tax that is applied to most types of income, including salary, self-employment income, and rental income. The USC rates vary depending on income levels, but for an individual earning €32K per year, the USC rate is 4.5%, resulting in a tax payment of €1,440 annually, or €120 monthly.

- Pay-related social insurance (PRSI): This is a tax that funds social welfare benefits in Ireland. The rate for an individual earning €32K per year is 4%, resulting in a tax payment of €1,280 annually, or €107 monthly.

Total Tax Deducted

The total tax that would be deducted for an Accounts Payable Specialist in Dublin earning a salary of €32K per year is:

- Income tax: €9,500 annually (€3,300 + €6,200)

- USC: €1,440 annually

- PRSI: €1,280 annually

Total tax deducted per year: €12,220

Total tax deducted per month: €1,018

Net Take Home Pay

The net take-home pay for an Accounts Payable Specialist in Dublin earning a salary of €32K per year after all taxes is:

- Yearly: €19,780 (€32,000 - €12,220)

- Monthly: €1,648 (€2,666 - €1,018)

Other Considerations

There are several other considerations that may reduce or increase an individual's tax rate in Ireland. For example, there are tax credits available for certain expenses such as medical expenses, tuition fees, and home renovations. Additionally, if an individual has children or is caring for a dependent, they may be eligible for additional tax credits or benefits. It is important to consult with a tax professional to determine all of the potential deductions and credits that may apply.