What is the Health Levy
Was looking at the budget results there to see how much money I would have taken from my wages. Turns out that it’s quite a lot. Around €30 a week as far as I can figure out. Due to the doubling of the income levy and the health levy. That’s over €1,500 a year! But to be honest I am not sure. I tried to look at my P60 and figure out where all the money was going. Does anybody know what the hell a tax credit is? In fairness they could make it easier to understand. Perhaps I am wrong. Surely it can’t be that bad?
I know there is this calculator which should make it easier but I can’t figure it out. Also I had no idea what this Health Levy that they’ve doubled was. But I found a good article here that explains it. Appartenlty it’s to pay all the admins and Managers in the Health Service.
Actually there is another Tax Calculator which might be easier to understand here.