Illustrative Examples Of Employer Social Security Costs as % Of Salary
1) Single Worker – Earning Average Irish Industrial Wage
2) Married Worker, 2 Children – Earning 3 x Average Irish Industrial Wage
Assumptions
- Social Security % based on income examples as follows:
- average Irish industrial wage or equivalent (single person)
- 3X average Irish industrial wage or equivalent (married couple)
[Note - Post budget AWI based on figure used by Minister for Fiannce in Budget 2008 Speech]
- The post budget illustration for Ireland is based on changes which are scheduled to take effect from 1 January 2008.
- The comparatives are based on average exchange rates prevailing early December 2007.
Note: these figures are for illustrative purposes only and have been prepared using RESOURCE™. They are intended as a general guide and should not be used as a basis for decisions or as a substitute for professional advice. For that purpose advice should be obtained which takes account of all the individual’s or organisation’s circumstances. Every effort has been made to ensure the accuracy of information contained above. In view of its purpose the reader will appreciate that we are unable to accept liability for any errors or omissions which may arise.
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