Liam Aylward
Question:66 Mr. Aylward asked the Minister for Finance the tax-free allowance of a person (details supplied) in County Kilkenny. [7485/95]
Written Answers. - Taxpayer's Allowances
I have been advised by the Revenue Commissioners that the taxpayer's tax free allowances for the income tax year 1995-96 are as follows:
|
£ |
|
|
Personal Allowance |
3,000 |
|
PAYE Allowance |
800 |
|
Total Allowances |
3,800 |
|
Less Social Welfare Pension |
3,421 |
|
Net Tax-Free |
|
|
Allowance Due |
379 per annum or £31.59 per month |
The balance is taxable at Table A (27 per cent).
The method of taxing social welfare pensions is that an amount equivalent to the annual social welfare payment is deducted from the taxpayer's annual tax-free allowances. Thus the tax deducted from any other income the taxpayer has includes the liability on the social welfare pension—the social welfare pension payment is received free of tax.