Assistant Accountant Salary in Dublin

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

What is the average salary for Assistant Accountant in Dublin?

The average base salary for an Assistant Accountant in Dublin is €30K per year or €2500 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 Assistant Accountant in Dublin

What is the change in percentage of salary for Assistant Accountants in Dublin over the last 5 years, and what is the expected future trend over the next 5 years?

According to available data, the average salary for Assistant Accountants in Dublin has increased by approximately 10% over the last 5 years. The future trend for the next 5 years is expected to remain stable or show a slight increase in salary.

Salary negotiation for Assistant Accountant in Dublin

What are the key factors that employers consider when negotiating salaries for Assistant Accountants in Dublin?

Employers consider several factors when negotiating salaries for Assistant Accountants, including the candidate's years of experience, level of qualification, and their performance in previous roles. Other factors may include the company's budget and industry standards.

Gender pay gap for Assistant Accountant in Dublin

What is the gender pay gap expressed as a percentage for Assistant Accountants in Dublin, and are there any companies addressing this gap for this job role?

The gender pay gap for Assistant Accountants in Dublin is approximately 10-15%. Some companies have programs in place to address these gaps, but specific names cannot be given due to contractual obligations.

Cost of living adjustment for Assistant Accountant in Dublin

What is the cost of living index for Assistant Accountants in Dublin compared to the national average, and do companies typically adjust salaries for this?

The cost of living index for Assistant Accountants in Dublin is generally higher than the national average. While some companies may adjust salaries for this, it is not a common practice.

Performance-based pay for Assistant Accountant in Dublin

Are Assistant Accountants in Dublin typically paid based on their performance?

Performance-based pay is common for Assistant Accountants in Dublin. This is often in the form of bonuses or salary increases based on annual performance reviews.

Incentive pay for Assistant Accountant in Dublin

Do companies in Dublin offer incentive pay for Assistant Accountants?

Some companies in Dublin offer incentive pay for Assistant Accountants. This may include bonuses, profit-sharing, or stock options based on performance and company success.

Salary surveys results for Assistant Accountant in Dublin

What is the range of salaries for Assistant Accountants in Dublin based on available salary surveys?

The salary range for Assistant Accountants in Dublin based on available salary surveys is between €27,000 and €45,000 per year.

Benefits packages for Assistant Accountant in Dublin

What types of benefits packages are commonly offered to Assistant Accountants in Dublin?

Common benefits packages for Assistant Accountants in Dublin may include health insurance, retirement plans, paid time off, and flexible schedules. However, specific benefits may vary depending on the company.

Bonus structure for Assistant Accountant in Dublin

Are bonuses common and what is the typical structure for Assistant Accountants in Dublin?

Bonuses are common for Assistant Accountants in Dublin, often based on individual or company performance. The typical structure may involve a percentage of the employee's annual salary, paid out annually or quarterly.

Commission-based pay for Assistant Accountant in Dublin

Is commission-based pay common for Assistant Accountants in Dublin?

Commission-based pay is not common for Assistant Accountants in Dublin, as this is not typically a job function that generates revenue for the company.

Overtime pay for Assistant Accountant in Dublin

What is the hourly rate for overtime pay for Assistant Accountant in Dublin? The overtime rate for Assistant Accountant in Dublin is usually 1.5 times their regular hourly rate. For example, if their regular hourly rate is €20, their overtime rate would be €30 per hour. However, some companies may offer a higher overtime rate, especially during busy periods or year-end audits.

Salary transparency for Assistant Accountant in Dublin

Are companies transparent about salaries for Assistant Accountant in Dublin? The level of salary transparency varies from company to company in Dublin. Some companies have a clear salary structure and openly share the range of salaries for different roles, while others may have a more opaque system. However, the trend towards more transparency in salaries is growing in Dublin, and employees are becoming more empowered to negotiate their pay.

Employee retention rate and salary for Assistant Accountant in Dublin

What is the average salary and employee retention rate for Assistant Accountant in Dublin? The average salary for Assistant Accountant in Dublin is around €40,000 to €45,000 per year. The employee retention rate varies depending on the company, but companies with competitive salaries, good benefits packages, and a positive work culture generally have higher retention rates.

Salary expectations in different industries for Assistant Accountant in Dublin

What are the salary expectations for Assistant Accountant in Dublin in different industries? The salary for Assistant Accountant in Dublin can vary widely depending on the industry. For example, the retail industry generally pays lower salaries, with an average of around €32,000 per year. On the other hand, industries such as finance and technology typically offer higher salaries, with averages of around €45,000 to €50,000 per year.

Salary for specific job titles for Assistant Accountant in Dublin

What are the salaries for specific job titles for Assistant Accountant in Dublin? The salary for Assistant Accountant in Dublin can depend on the specific job title. For example, an Accounts Payable Clerk may earn around €32,000 per year, while a Financial Analyst could earn around €60,000 per year. A Senior Accountant could earn around €65,000 per year.

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

How does the salary for Assistant Accountant in Dublin compare to other regions or countries? The salary for Assistant Accountant in Dublin is generally higher than in other regions of Ireland. For example, the average salary for Assistant Accountant in Cork is around €38,000 per year, while in Galway it is around €35,000 per year. However, salaries for Assistant Accountant in Dublin are generally lower than in other major international financial centers such as London or New York, where the average salary is around €60,000 to €70,000 per year.

How much tax does an Assistant Accountant in Dublin Pay?

Tax System in Country

Ireland operates a progressive tax system, meaning that the amount of tax paid increases as income increases. The tax rates for 2021 are as follows:

- Income up to €35,300: taxed at 20%

- Income between €35,301 and €70,044: taxed at 40%

- Income over €70,044: taxed at 45%

Breakdown of Income Tax Paid by Income Brackets

For an annual salary of €30,000, the breakdown of tax paid by income bracket is as follows:

- Income up to €35,300: €6,060 (20% of €30,300 - €7,110 exemption)

- Total tax paid: €6,060

In monthly figures, the breakdown would be:

- Income up to €2,942: €505 (20% of €3,025 - €709 exemption)

- Total tax paid: €505

Other Types of Taxes

In addition to income tax, there are other types of taxes that may be deducted from the salary of an Assistant Accountant in Dublin:

- Universal Social Charge (USC): This is a tax that applies to most forms of income, including salaries. The USC rates for 2021 are as follows:

- Income up to €13,000: 0.5%

- Income between €13,001 and €20,687: 2%

- Income between €20,688 and €70,044: 4.5%

- Income above €70,044: 8%

- Pay Related Social Insurance (PRSI): This is a tax that funds social insurance benefits such as healthcare and social welfare. The PRSI rate for an Assistant Accountant in Dublin earning €30K per year is 4%.

- Pension Contributions: If the Assistant Accountant is contributing to a pension scheme, these contributions may be tax deductible.

To calculate the total amounts of these taxes, we can use the income tax breakdown from the previous section:

- USC:

- Income up to €13,000: €0 (0.5% of €0)

- Income between €13,001 and €20,687: €195.44 (2% of €9,843)

- Income between €20,688 and €30,000: €548.70 (4.5% of €12,312)

- Total USC paid: €744.14

- PRSI: €1,200 (4% of €30,000)

Total Tax Deducted

To calculate the total tax deducted, we can add up the amounts from the income tax, USC, and PRSI sections:

- Total tax deducted annually: €7,004 (€6,060 + €744.14 + €1,200)

- Total tax deducted monthly: €583.67 (€7,004 / 12)

Net Take Home Pay

To calculate the net take home pay, we can subtract the total tax deducted from the annual salary:

- Net take home pay annually: €22,996 (€30,000 - €7,004)

- Net take home pay monthly: €1,916.33 (€22,996 / 12)

Other Considerations

There are some other considerations that may affect the tax rate for an Assistant Accountant in Dublin earning €30K per year:

- Tax Credits: Tax credits can be used to reduce the amount of tax paid. Some common tax credits in Ireland include the Personal Tax Credit (€1,650), the Home Carer Tax Credit (€1,600), and the Earned Income Tax Credit (€1,650 for self-employed individuals). If the Assistant Accountant is eligible for any of these credits, their tax bill could be reduced.

- Expenses: If the Assistant Accountant has work-related expenses, they may be able to claim them as tax deductions. This could reduce their taxable income and therefore their tax bill.