Asset Manager Salary in Dublin

Answers to everyting you want to know about Asset Manager salaries in Dublin, Ireland

What is the average salary for Asset Manager in Dublin?

The average base salary for an Asset Manager in Dublin is €51K per year or €4250 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 Asset Manager in Dublin

The salary for an Asset Manager in Dublin has increased by approximately 10% over the last five years. The expected future trend over the next five years is expected to be an increase of approximately 15%, driven by the demand for financial services.

Salary negotiation for Asset Manager in Dublin

The key factors that employers consider for this role and salary negotiations are previous experience, education, the size and scope of the company, and the current market demand for the role.

Gender pay gap for Asset Manager in Dublin

The gender pay gap for Asset Manager in Dublin is approximately 18%, with men earning more than women in this role. While there aren't specific companies that are addressing this gap for this job role, many companies in Ireland have pledged to close the pay gap in their organizations.

Cost of living adjustment for Asset Manager in Dublin

The cost of living index for Dublin is 83% higher than the national average, which indicates that the cost of living in Dublin is significantly higher than other areas in Ireland. Many companies do adjust salaries for the cost of living in Dublin.

Performance-based pay for Asset Manager in Dublin

Performance-based pay is common for Asset Managers in Dublin, where a portion of their salary is dependent on meeting certain metrics or achieving certain goals.

Incentive pay for Asset Manager in Dublin

Incentive pay is also common for Asset Managers in Dublin, where they may receive additional compensation for achieving certain targets or generating new business.

Salary surveys results for Asset Manager in Dublin

The range of salaries for Asset Managers in Dublin is between €50,000 to €110,000 per year, according to recent salary surveys.

Benefits packages for Asset Manager in Dublin

Many companies in Dublin offer extensive benefits packages for Asset Managers, including health insurance, retirement plans, and paid time off. The specific benefits may vary depending on the company.

Bonus structure for Asset Manager in Dublin

The bonus structure for Asset Managers in Dublin often includes a percentage of their base salary, with the amount varying depending on the company and the individual's performance.

Commission-based pay for Asset Manager in Dublin

Commission-based pay may be offered to Asset Managers in Dublin that work in sales roles, where they receive a percentage of the revenue generated from new business or client accounts.

Overtime pay for Asset Manager in Dublin

Asset Managers in Dublin are generally not eligible for overtime pay, as their salaries are usually calculated based on a yearly basis without additional pay for overtime work. However, depending on the specific terms of their employment contracts, Asset Managers may receive bonuses or other types of additional compensation for exceeding performance targets or other metrics.

Salary transparency for Asset Manager in Dublin

Salary transparency remains a challenge for Asset Managers in Dublin, as employers are not required to disclose employee salaries or pay scales. However, some Asset Managers can negotiate their salaries and benefits packages based on their experience, education, and performance.

Employee retention rate and salary for Asset Manager in Dublin

The average annual salary for Asset Managers in Dublin is approximately €70,000-€100,000. The employee retention rate for Asset Managers in Dublin is generally high, as companies often offer competitive salary and benefits packages, as well as performance-based bonuses and promotions to retain top talent.

Salary expectations in different industries for Asset Manager in Dublin

Asset Managers in industries such as banking and finance can expect higher salaries in Dublin, with the average annual salary ranging from €80,000-€120,000. In contrast, Asset Managers in industries such as healthcare or the public sector may receive lower salaries, with the average annual salary ranging from €60,000-€80,000.

Salary for specific job titles for Asset Manager in Dublin

Asset Managers with the job title of Vice President or Director can expect higher salaries in Dublin, with the average annual salary ranging from €120,000-€200,000. In contrast, Asset Managers with the job title of Associate or Analyst may receive lower salaries, with the average annual salary ranging from €50,000-€70,000.

Salary comparison across different countries or regions in same country for Asset Manager in Dublin

Asset Managers in Dublin generally receive higher salaries than those in other regions of Ireland, such as Cork or Galway, with the average annual salary ranging from €70,000-€100,000 in Dublin, compared to €50,000-€80,000 in other regions. However, Asset Managers in major financial centers such as London and New York can expect even higher salaries, with the average annual salary ranging from €150,000-€300,000.

How much tax does an Asset Manager in Dublin Pay?

Tax System in Country

The tax system used in Ireland is a progressive tax system, which means that the tax rate increases as the income increases.

Breakdown of Income Tax Paid by Income Brackets

For a salary of €51K, the breakdown of income tax paid by income brackets is as follows:

- The first €35,300 is taxed at a rate of 20%, resulting in a tax of €7,060

- The next €15,700 is taxed at a rate of 40%, resulting in a tax of €6,280

There are no exemptions for this salary. In yearly figures, the total tax paid is €13,340, and in monthly figures, it is €1,111.67.

Other Types of Taxes

Apart from income tax, there are also other types of taxes that are deducted from an employee's salary in Ireland. These include:

- Pay Related Social Insurance (PRSI): PRSI is a social insurance contribution that provides social welfare benefits to employees in Ireland. It is calculated at a rate of 4% of gross income up to €52,000 per year, and 8% on any income above this threshold. For a salary of €51K, the PRSI paid would be €2,040 per year or €170 per month.

- Universal Social Charge (USC): The USC is a tax that was introduced in Ireland in 2011. It is a progressive tax that applies to most income, including salaries, pensions, and social welfare payments. For a salary of €51K, the USC rate is 4.5%, resulting in a USC tax of €2,295 per year or €191.25 per month.

Total Tax Deducted

The total tax deducted for a salary of €51K in yearly figures is €17,675, and in monthly figures, it is €1,472.92. This includes income tax, PRSI, and USC.

Net Take Home Pay

The net take-home pay for a salary of €51K in yearly figures is €33,325, and in monthly figures, it is €2,777.08. This is calculated by subtracting the total tax deducted (€17,675) from the gross salary (€51,000).

Other Considerations

Other considerations that may reduce or increase the tax rate include any tax credits or tax reliefs that an employee may be eligible for. Some examples of tax credits in Ireland include the Earned Income Tax Credit, the Home Carer Tax Credit, and the Single Person Child Carer Credit. It is important for employees to ensure they are claiming all tax credits and reliefs they are entitled to in order to reduce their overall tax liability.