Ireland

Last Update by Katie, 30 May 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Dublin

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 10.00
Monthly Train and Bus Tickets 117
3 Bedrooms Rental (City Center) 3,410
3 Bedrooms Rental (Outskirt) 2,836

Current Inflation Rate

2.6%

Wage

Minimum Wages

  • Hourly rates:
    - 20+ years: 12.70
    - 19 years: 11.43
    - 18 years: 10.16
    - Under 18: 8.89

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Entry-Level
Fresh Graduate
2,500
Mid-Level
5 Years
3,000
Experienced & Managerial Level
10 Years
4,000
Specialized & Senior-Level
15 Years
5,000

Annual Salary Growth

4%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Pay-Related Social Insurance (PRSI) Weekly earnings up to 441 EUR: 8.8%
Weekly earnings over 441 EUR: 11.05%
Weekly earnings over 352 EUR: 4% All staff apart from self employed
Universal Social Charge (USC) - First 12,012 EUR per year : 0.50%,
Next 13,748 EUR: 2%,
Next 44,284 EUR : 4%
Balance : 8%
All staff

Other Benefit

Other common employment benefits in Ireland include:

  • Enhanced Pension: Employers pay more than the minimum of 3% per month
  • Private Health Insurance; Around 50 EUR per month
  • Work from Home Allowance; 30.20 EUR per day

Income Tax

Residents

  • Tax period: 1st January – 31st December
    Filing start date: On or before 31st October

Country Level

Taxable Income Rate
Single & widowed persons (no dependent children)
up to 42,000
20%
Balance: 40%
Single & widowed persons (dependent children)
up to 46,000
20%
Balance: 40%
Married couple (one income)
up to 51,000
20%
Balance: 40%
Married couple (two incomes)
up to 51,000
20% with maximum increase of 33,000
Balance: 40%

Non-residents

  • Taxed the same as residents

Working Hours

Statutory

40 Hours
8 hours a day, 5 days a week

Typical practice

40 Hours
Monday - Friday

Overtime

No statutory levels of overtime pay for working extra hours

  • 48 hours maximum in a week

Employment Contract

Fixed-Term

Must have an end date and typically lasts no more than 1 year.

Probation

No more than 6 months but can be extended for another 6 months (maximum of 12 months).

Termination

  • Notice for employees and employers during and after probation:
    - 13 weeks- 2 years’ service: 1 week
    - 2-5 years’ service: 2 weeks
  • Severance:
    - Employees with 2+ years of service unless asked to take voluntary redundancy which a settlement payment will be due.
    - Redundancy: Paid tax-free and capped at 600 EUR per week. Two week’s pay for every year of service, and 1 further week’s pay.

Public Holiday

9 days

Country Level

Date Name
01 Jan New Year's Day
06 Feb Saint Brigid's Day
17 Mar Saint Patrick's Day
10 Apr Easter Monday
01 May May Bank Holiday
05 Jun June Bank Holiday
07 Aug August Bank Holiday
30 Oct October Bank Holiday
25 Dec Christmas Day
26 Dec Saint Stephen's Day

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days per year including public holidays All staff
Maternity Leave 42 weeks Expectant mothers who have paid enough social security (PRSI)
Paternity Leave 7 weeks Staff who have paid enough PRSI
Parental Leave 26 weeks unpaid All staff with 1 year service
Sick Leave 3-10 working days All staff 13+ weeks' service

Reference

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