Accounting Manager Salary in Dublin

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

What is the average salary for Accounting Manager in Dublin?

The average base salary for an Accounting Manager in Dublin is €58K per year or €4833 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 Manager in Dublin

Over the last 5 years, the salary for Accounting Manager in Dublin has increased by an average of 7% annually. Looking at the future, the expected trend is for a continued increase in salary, with an estimated 5-6% growth per year over the next 5 years.

Salary negotiation for Accounting Manager in Dublin

Key factors that employers consider for salary negotiation for Accounting Manager in Dublin include educational background, years of work experience, and completion of accounting certifications such as CPA or ACCA. Additionally, performance history, industry experience, and current market trends may also impact salary negotiation.

Gender pay gap for Accounting Manager in Dublin

The gender pay gap for Accounting Manager in Dublin is currently at 11%, with men earning more than women on average. Some companies that are addressing this gap for this job role include implementing equal pay policies and conducting regular pay audits.

Cost of living adjustment for Accounting Manager in Dublin

The cost of living index in Dublin is 161.61, which is higher than the national average. Companies in Dublin do typically adjust salaries for cost of living, with some using an established index to determine the adjustment amount.

Performance-based pay for Accounting Manager in Dublin

Performance-based pay for Accounting Manager in Dublin typically takes the form of annual bonuses or merit increases. Evaluations are typically conducted on an annual basis and may be tied to specific objectives or company goals.

Incentive pay for Accounting Manager in Dublin

Incentive pay for Accounting Manager in Dublin may include benefits such as profit sharing, stock options, or performance-related bonuses. These may be awarded based on company or team performance.

Salary surveys results for Accounting Manager in Dublin

Salary surveys indicate that the average salary for Accounting Manager in Dublin is €61,000 per year, with a range of €47,000 to €81,000 per year. These values may vary based on factors such as experience level and company size.

Benefits packages for Accounting Manager in Dublin

Typical benefits packages for Accounting Manager in Dublin may include health insurance, retirement plans, and paid time off. Some companies may choose to offer additional benefits such as flexible work arrangements or professional development opportunities.

Bonus structure for Accounting Manager in Dublin

Bonus structures for Accounting Manager in Dublin may vary by company, but typically take the form of annual or performance-based bonuses. These may be offered as a percentage of base salary or as a fixed amount.

Commission-based pay for Accounting Manager in Dublin

Commission-based pay is not typically used for Accounting Manager positions in Dublin, as these roles are salaried and not sales-oriented.

Overtime pay for Accounting Manager in Dublin

In Dublin, Accounting Managers may receive overtime pay for working additional hours. The overtime pay rate is usually 1.5 times the regular pay rate for hours worked over 40 in a week or work done on weekends or holidays, based on the employer's policy. On average, an Accounting Manager in Dublin may earn an extra €10-15 per hour for overtime work.

Salary transparency for Accounting Manager in Dublin

Salary transparency is becoming a more important issue in Dublin for Accounting Managers. Some companies have started to disclose their pay scales to provide transparency and increase employee satisfaction. The average base salary for an Accounting Manager in Dublin is €70,000 to €85,000 per annum. Factors such as location, years of experience, and industry can affect the salary received.

Employee retention rate and salary for Accounting Manager in Dublin

According to recent surveys, the average employee retention rate for an Accounting Manager in Dublin is around 3-5 years. Companies that offer competitive salaries, benefits, and clear career advancement opportunities have higher retention rates. The average pay increase for Accounting Managers in Dublin is around 2-4% per year.

Salary expectations in different industries for Accounting Manager in Dublin

The salary for an Accounting Manager in Dublin can vary depending on the industry they work in. For example, the media industry may offer lower salaries ranging from €60,000 to €75,000 per annum. In comparison, the finance and tech industries have higher salaries ranging from €80,000 to €100,000 and €90,000 to €120,000, respectively.

Salary for specific job titles for Accounting Manager in Dublin

The salary for an Accounting Manager in Dublin can vary based on job title. For instance, a Financial Reporting Manager may earn €80,000 to €100,000 per annum. However, a Tax Manager may earn an average of €90,000 to €110,000 annually. Furthermore, a Chief Financial Officer may earn €150,000 to €250,000 per year.

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

The salary for an Accounting Manager in Dublin can differ from other regions. For example, the average salary for an Accounting Manager in Cork is approximately 10% lower than Dublin, with an average salary range of €60,000 to €80,000. On the other hand, Accounting Managers in Galway and Limerick may earn higher salaries ranging from €85,000 to €100,000 per annum.

How much tax does an Accounting Manager in Dublin Pay?

Tax System in Country

Ireland uses a progressive tax system, where individuals who earn more income pay a higher percentage of their income in taxes.

Breakdown of Income Tax Paid by Income Brackets

For a salary of €58K, the breakdown of income tax paid by income brackets is as follows:

- Income up to €35,300: 20% tax rate, with a tax liability of €7,060

- Income from €35,301 to €70,044: 40% tax rate, with a tax liability of €9,378

- Total tax liability for the year: €16,438

In monthly figures, this breaks down to a tax liability of €1,370.67 per month.

There are some exemptions and deductions available, such as the standard personal tax credit of €1,650 for single individuals or €3,300 for married couples. However, as a general rule, the tax rates and brackets shown above will apply.

Other Types of Taxes

In addition to income tax, there are other taxes that may be deducted from a salary of €58K in Ireland. These may include:

- Universal Social Charge (USC): The USC is a tax on income that was introduced in 2011. It is calculated at a progressive rate of between 0.5% and 8%, depending on income levels. For a salary of €58K, the USC liability would be €1,420 per year, or €118.33 per month.

- Pay-Related Social Insurance (PRSI): PRSI is a social insurance contribution that is paid by employees and employers in Ireland. It is calculated as a percentage of an employee's income, and the rate depends on the type of work being done. For a salary of €58K, the PRSI liability would be €2,017.44 per year, or €168.12 per month.

Total Tax Deducted

The total tax deducted in a year would be the sum of income tax, USC, and PRSI, which is:

- Income tax: €16,438

- USC: €1,420

- PRSI: €2,017.44

- Total: €19,875.44 per year

In monthly figures, this results in a total tax deduction of €1,656.29 per month.

Net Take Home Pay

To calculate the net take-home pay, we subtract the total tax deducted from the annual salary of €58K, which is:

- Annual salary: €58,000

- Total tax deducted: €19,875.44

- Net take-home pay: €38,124.56 per year

In monthly figures, the net take-home pay is €3,177.05 per month.

Other Considerations

Other considerations that may affect the tax rate for an individual in Ireland include:

- Age: Those over 65 may have different tax rates and allowances.

- Marriage: Couples who are married or in a civil partnership may be eligible for additional tax credits.

- Health expenses: Tax relief may be available on medical expenses that are not covered by insurance.

- Pension contributions: Contributions to a personal pension plan may be tax-deductible, which can reduce overall tax liability.

- Charitable donations: Donations to registered charities can be used to claim tax relief.