Accounting Intern Salary in Dublin

Answers to everyting you want to know about Accounting Intern salaries in Dublin, Ireland

What is the average salary for Accounting Intern in Dublin?

The average base salary for an Accounting Intern in Dublin is €22K per year or €1833 per month, based on data from various salary surveys. This does not include performance, incentives or bonuses, and the total package may be higher as seen in surveys.

Salary trends for Accounting Intern in Dublin

The average salary for an Accounting Intern in Dublin has increased by approximately 5% over the last 5 years. It is expected that the salary trend will continue to increase by around 3-4% over the next 5 years.

Salary negotiation for Accounting Intern in Dublin

Key factors that employers consider for salary negotiation for an Accounting Intern in Dublin include previous experience, level of education, skills, and qualifications. Negotiations may also be impacted by the company’s financial situation and the current market rate for similar roles.

Gender pay gap for Accounting Intern in Dublin

The gender pay gap for an Accounting Intern in Dublin is approximately 8%, indicating that there is a slight pay difference between male and female employees. Some companies that are addressing this gap for this job role include developing internal policies and implementing diversity and inclusion training programs.

Cost of living adjustment for Accounting Intern in Dublin

The cost of living index in Dublin is approximately 20% higher than the national average. Companies may adjust the salary for an Accounting Intern accordingly, however, it is dependent on the company’s policies and financial situation.

Performance-based pay for Accounting Intern in Dublin

Performance-based pay for an Accounting Intern in Dublin may be offered based on their level of productivity, accuracy, and effectiveness in their role. This type of pay can be offered in addition to the base salary, and may motivate employees to perform at a higher level.

Incentive pay for Accounting Intern in Dublin

Incentive pay for an Accounting Intern in Dublin may be offered in the form of bonuses, profit-sharing, or stock options. This type of pay is typically awarded based on achieving predetermined targets or objectives.

Salary surveys results for Accounting Intern in Dublin

The range of salaries for an Accounting Intern in Dublin based on surveys is approximately €18,000 to €28,000 per annum, with an average salary of around €23,000 per annum.

Benefits packages for Accounting Intern in Dublin

Benefits packages for an Accounting Intern in Dublin may include health insurance, pension plans, sick leave, vacation time, and professional development opportunities. The specific benefits offered may depend on the company and the level of experience of the employee.

Bonus structure for Accounting Intern in Dublin

The bonus structure for an Accounting Intern in Dublin may be performance-based or discretionary, and may vary depending on factors such as company performance and individual performance. The bonus amount may also vary depending on the level of experience of the employee.

Commission-based pay for Accounting Intern in Dublin

Commission-based pay is not typically offered for an Accounting Intern in Dublin as their role is not focused on generating sales or revenue.

Overtime pay for Accounting Intern in Dublin

Accounting interns in Dublin may be eligible for overtime pay if they work more than 40 hours a week. The overtime pay rate is usually 1.5 times the regular hourly rate. However, some employers may offer a higher rate of pay for overtime work, especially during busy seasons.

Salary transparency for Accounting Intern in Dublin

Salary transparency is becoming increasingly common in Dublin's accounting industry, with many firms providing clear salary structures and opportunities for advancement. However, some companies may not disclose salary information until the final stages of the interview process. It is important for accounting interns to do their research and negotiate fair wages based on their skills and experience.

Employee retention rate and salary for Accounting Intern in Dublin

Accounting firms in Dublin have a relatively high employee retention rate due to the competitive nature of the industry. To retain talent, some companies may offer higher salaries or bonuses to accounting interns who demonstrate excellence in their work. However, the salary for accounting interns may vary depending on the size and reputation of the firm.

Salary expectations in different industries for Accounting Intern in Dublin

Accounting interns in lower salary industries such as non-profit organizations may expect to earn around €20,000 - €25,000 per year. In contrast, accounting interns in higher salary industries such as investment banking may earn up to €45,000 per year, and those in tech companies may earn up to €35,000 per year.

Salary for specific job titles for Accounting Intern in Dublin

Accounting interns in lower salary job titles such as Accounts Assistant may expect to earn around €20,000 - €25,000 per year. Accounting interns in higher salary job titles such as Financial Analyst may earn up to €50,000 per year, and those in Audit Associate positions may earn up to €35,000 per year.

Salary comparison across different countries or regions in same country for Accounting Intern in Dublin

Accounting interns in Dublin may earn less than those in other European cities such as London or Paris, with an average salary of around €25,000 - €30,000 per year. However, accounting interns in Dublin may earn more than their counterparts in other regions of Ireland such as Cork or Galway, where salaries may range from €18,000 - €25,000 per year.

How much tax does an Accounting Intern in Dublin Pay?

Tax System in Country

Ireland uses a progressive tax system, which means the tax rates increase as the income levels increase.

Breakdown of Income Tax Paid by Income Brackets

For an accounting intern in Dublin earning €22K per year, the breakdown of income tax paid by income brackets is as follows:

- For the first €16,500, the tax rate is 0%

- For the next €3,500, the tax rate is 20%, which comes out to €700 in taxes

- The remaining €2,000 is taxed at a rate of 40%, which comes out to €800 in taxes

This brings the total income tax paid to €1,500 per year or €125 per month.

Other Types of Taxes

In addition to income tax, there may be additional taxes that are deducted, such as social security or social insurance. For an accounting intern in Dublin earning €22K per year, the breakdown of additional taxes deducted is as follows:

- There is a universal social charge (USC) of 4.5% on income up to €19,874, which comes out to €415.23 per year or €34.60 per month

- There may also be pension contributions or health insurance premiums that are deducted. These vary by employer and individual circumstances.

Total Tax Deducted

The total tax deducted for an accounting intern in Dublin earning €22K per year is €1,915.23 (€1,500 in income tax + €415.23 in USC) per year or €159.60 per month.

Net Take Home Pay

The net take home pay for an accounting intern in Dublin earning €22K per year after all taxes is €20,084.77 per year or €1,673.73 per month. This is calculated by subtracting the total taxes deducted from the annual salary of €22,000.

Other Considerations

Other considerations that may reduce or increase the tax rate include tax credits, deductions, and allowances. These vary based on individual circumstances, and it is recommended to consult with a tax professional for personalized advice. Additionally, certain expenses may be tax-deductible, such as travel or work-related training expenses.