Ireland

Last Update by Federico, 23 Dec 2024

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Exchange Rate

22 Jan 2025

 

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 8.50
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 (from 1st of January 2025):
    - 20+ years: 13.50
    - 19 years: 12.15
    - 18 years: 10.80
    - Under 18: 9.45

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 527 EUR: 8.9%
Weekly earnings over 527 EUR: 11.15%
Weekly earnings over 352 EUR: 4.1% 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 below the age of 70

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 of following year

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 84,000
20%
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

Contract Format

Must be in writing, in English (printed or electronically), signed and dated by both parties and a copy sent to staff

Payroll Currency

Southern Ireland: EUR
Northern Ireland: GBP

Probation

Up to 6 months, can be extended for another 6 months (maximum of 12 months).

Contract Period

Typically lasts no more than 1 year including renewals

Termination

The contract may be terminated by the employer, the employee or by mutual agreement

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation - Minimum 1 week, usually agreed up to 2 weeks - Minimum 1 week, usually agreed up to 2 weeks - Minimum 1 week, usually agreed up to 2 weeks
Notice Period - Regular Notice for staff:

- 13 weeks- 2 years’ service: 1 week

- 2-5 years’ service: 2 weeks
Notice for employers:

- 13 weeks- 2 years’ service: 1 week

- 2-5 years’ service: 2 weeks
Notice for employers:

- 13 weeks- 2 years’ service: 1 week

- 2-5 years’ service: 2 weeks
Severance Pay - Not Entitled - Not Entitled - Not entitled

Public Holiday

9 days

Country Level

Date Name
01 Jan New Year's Day
03 Feb St. Brigid’s Day
17 Mar St. Patrick's Day
21 Apr Easter Monday
05 May May Day
02 Jun June Bank Holiday
04 Aug August Bank Holiday
27 Oct October Bank Holiday
25 Dec Christams Day
26 Dec St. Stephen's Day

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days per year including public holidays All staff
Sick Leave Up to 1 year All staff with over 13 weeks' service
Maternity Leave 42 weeks All expectant mothers
Paternity Leave 7 weeks All expectant fathers
Parent's Leave Up to 9 weeks All staff with 1 year service
Adoptive Leave 24 weeks All staff adopting a child
Parental Leave Up to 26 weeks All staff with 1 year service
Carer’s Leave Up to 2 years All staff caring for someone full-time with 8 weeks' service in the past 26 weeks

Reference

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