💶 Enter Your Bonus Details
📊 Bonus Tax Breakdown
💡 Tips to Maximise Your Bonus
🏦 Pension Contribution
Ask your employer to pay your bonus directly into your pension. You avoid ALL tax — PAYE, USC and PRSI. A €3,000 pension bonus is worth €3,000 to you vs ~€1,500 as cash. Best option if you're over 30.
🎟️ Small Benefits Exemption
Employers can give up to €1,000 per year tax-free as non-cash vouchers (One4All, Revolut voucher). This is completely exempt from PAYE, USC and PRSI. Many Irish employers use this for Christmas bonuses — ask your HR department.
📅 Tax Year Timing
If you've had a low income year, ask your employer if the bonus can be deferred to January. Starting a fresh tax year means all credits are available again, potentially reducing the effective rate on your bonus.
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❓ Bonus Tax FAQ Ireland
How is a bonus taxed in Ireland? ▼
Bonuses are treated as regular employment income in Ireland. They are subject to PAYE income tax, USC and PRSI in the same way as your salary. If your salary plus bonus exceeds €42,000 (single person), the excess is taxed at 40%.
What is the Small Benefits Exemption? ▼
Employers can give employees up to €1,000 per year completely tax-free, provided it's in non-cash form such as a One4All voucher or similar. This is exempt from PAYE, USC and PRSI. Any amount above €1,000 is taxable as normal income.
Can I put my bonus into my pension tax-free? ▼
Yes — pension contributions made by your employer on your behalf (employer contributions) are not subject to PAYE, USC or PRSI. This is the most tax-efficient way to receive a bonus. You must request this arrangement through your employer's payroll before the bonus is processed.
Does my bonus affect my tax credits? ▼
No — your tax credits remain the same regardless of a bonus. However, if a large bonus is paid in a single month, your employer may calculate it incorrectly using the monthly credit allocation. You can reclaim any overpayment through Revenue's end-of-year review in myAccount.