Auditing Manager Salary in Dublin

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

What is the average salary for Auditing Manager in Dublin?

The average base salary for an Auditing Manager in Dublin is €57K per year or €4750 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 Auditing Manager in Dublin

The average salary for an Auditing Manager in Dublin has increased by approximately 9% over the last 5 years. The expected future trend over the next 5 years is predicted to increase by around 7%. This is based on data from various industry reports and surveys.

Salary negotiation for Auditing Manager in Dublin

The key factors that employers consider when negotiating the salary for an Auditing Manager in Dublin include level of experience, qualifications, size of the company, and industry sector. Employers may also consider the current job market and availability of candidates. Negotiations can be influenced by the candidate's past performance, specific skill set, and negotiating skills.

Gender pay gap for Auditing Manager in Dublin

The gender pay gap for Auditing Managers in Dublin is approximately 6%, which is lower than the average gender pay gap in Ireland. While many companies are taking measures to address the gender pay gap, specific companies that are taking steps to address it for this job role are not available.

Cost of living adjustment for Auditing Manager in Dublin

The cost of living index for Dublin is approximately 45% higher than the national average in Ireland. However, companies in Dublin do consider the cost of living when determining salaries for their employees. Whether or not they adjust salaries specifically for the cost of living is dependent on each individual company's policies.

Performance-based pay for Auditing Manager in Dublin

Performance-based pay for Auditing Managers in Dublin is common. Employers typically base performance-based pay on individual performance within the company and a set of predetermined goals or targets. It can take the form of bonuses, profit-sharing, or stock options.

Incentive pay for Auditing Manager in Dublin

Incentive pay for Auditing Managers in Dublin is also common. This can include bonuses, stock options, or profit-sharing based on individual or team performance. The specific structure of incentive pay varies by company and can be based on certain metrics or goals.

Salary surveys results for Auditing Manager in Dublin

According to various salary surveys, the salary range for an Auditing Manager in Dublin is approximately €60,000 to €100,000 per year. However, this can vary based on the size of the company, level of experience, and industry sector.

Benefits packages for Auditing Manager in Dublin

Benefits packages for Auditing Managers in Dublin often include health insurance, pension plans, paid time off, and education reimbursement. Some companies may also offer additional perks such as fitness memberships or transportation allowances.

Bonus structure for Auditing Manager in Dublin

Bonus structures for Auditing Managers in Dublin vary by company but often include performance-based bonuses, profit-sharing, or stock options. The specifics of the bonus structure can depend on the company's financial performance, individual performance, and predetermined goals or targets.

Commission-based pay for Auditing Manager in Dublin

Commission-based pay is not common for Auditing Managers in Dublin since the job typically does not involve sales. However, some companies may offer commission or commission-like incentives for business development or client acquisition.

Overtime pay for Auditing Manager in Dublin

Auditing Managers in Dublin may be eligible for overtime pay, which typically ranges from 1.5 to 2 times their hourly rate. Therefore, an Auditing Manager with an hourly rate of €30 may earn between €45 and €60 per hour for overtime hours worked. Overtime pay rates may vary based on company policy and labour laws.

Salary transparency for Auditing Manager in Dublin

Salary transparency is becoming increasingly important in Dublin, with many companies moving towards greater transparency when it comes to employee pay. As such, Auditing Managers may be able to access information about the salaries of their peers and colleagues within their organisation. However, this may vary from company to company, and it is important to understand company policy on salary transparency.

Employee retention rate and salary for Auditing Manager in Dublin

The employee retention rate for Auditing Managers in Dublin is generally high, with many professionals staying with the same company for multiple years. The average salary for an Auditing Manager in Dublin is around €67,000 per year, which includes bonuses and other incentives. However, salary may vary based on years of experience, company size, and other factors.

Salary expectations in different industries for Auditing Manager in Dublin

Auditing Managers in industries such as healthcare or non-profit organisations may expect to earn less, with average annual salaries ranging from €50,000 to €60,000. However, those in finance or consulting may expect higher salaries, with average annual salaries ranging from €80,000 to €100,000 or more. For example, an Auditing Manager in a healthcare organisation may earn €55,000 per year, while one in a consulting firm may earn €95,000 per year.

Salary for specific job titles for Auditing Manager in Dublin

An Auditing Manager may earn a lower salary if they hold the title of "Assistant Manager," with average yearly salaries ranging from €45,000 to €60,000. However, those with titles such as "Senior Manager" or "Director" may earn higher salaries, with average yearly salaries ranging from €90,000 to €120,000 or more. For example, an Auditing Manager with the title of "Assistant Manager" may earn €50,000 per year, while one with the title of "Director" may earn €115,000 per year.

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

The salary for an Auditing Manager may vary based on region within Ireland, with Dublin generally offering higher salaries than other regions. For example, an Auditing Manager in Cork may earn an average of €60,000 per year, while one in Galway may earn around €65,000 per year. However, in Dublin, an Auditing Manager may expect an average annual salary of around €75,000 or more.

How much tax does an Auditing Manager in Dublin Pay?

Tax System in Country

The tax system in Ireland is a progressive income tax system. This means that as income increases, so does the percentage of tax paid on that income.

Breakdown of Income Tax Paid by Income Brackets

For an Auditing Manager in Dublin with a salary of €57K, the breakdown of income tax paid by income brackets in yearly figures is:

- First €35,300: 20% tax rate = €7,060

- Next €21,700: 40% tax rate = €8,680

- Total tax paid = €15,740

In monthly figures, the breakdown of income tax paid by income brackets is:

- First €2,941.67: 20% tax rate = €588.33

- Next €1,808.33: 40% tax rate = €723.33

- Total tax paid = €1,311.66

There are no exemptions for this salary level.

Other Types of Taxes

Apart from income tax, there are two other types of taxes that are commonly deducted from salaries in Ireland. These are:

1. Universal Social Charge (USC)

The USC is a tax on income that was introduced in Ireland in 2011. The rate of USC varies depending on income, with higher earners paying a higher percentage of their income in USC. For an Auditing Manager in Dublin with a salary of €57K, the breakdown of USC paid by income brackets in yearly figures is:

- First €13,000: 0.5% USC rate = €65

- Next €12,012: 2% USC rate = €240.24

- Next €31,838: 4.5% USC rate = €1,432.71

- Total USC paid = €1,737.95

In monthly figures, the breakdown of USC paid by income brackets is:

- First €1,083.33: 0.5% USC rate = €5.42

- Next €1,001: 2% USC rate = €20.02

- Next €2,653.17: 4.5% USC rate = €119.14

- Total USC paid = €144.58

2. Pay-Related Social Insurance (PRSI)

PRSI is a social insurance contribution that is paid by employees in Ireland. The rate of PRSI varies depending on income and is capped at a certain level. For an Auditing Manager in Dublin with a salary of €57K, the breakdown of PRSI paid by income brackets in yearly figures is:

- First €14,368: 0% PRSI rate = €0

- Next €42,572: 4% PRSI rate = €1,702.88

- Total PRSI paid = €1,702.88

In monthly figures, the breakdown of PRSI paid by income brackets is:

- First €1,197.33: 0% PRSI rate = €0

- Next €3,547.67: 4% PRSI rate = €141.91

- Total PRSI paid = €141.91

Total Tax Deducted

The total tax deducted for an Auditing Manager in Dublin with a salary of €57K in yearly figures is:

- Income tax = €15,740

- USC = €1,737.95

- PRSI = €1,702.88

- Total tax deducted = €19,180.83

In monthly figures, the total tax deducted is:

- Income tax = €1,311.66

- USC = €144.58

- PRSI = €141.91

- Total tax deducted = €1,598.15

Net Take Home Pay

The net take home pay for an Auditing Manager in Dublin with a salary of €57K in yearly figures is:

- Gross salary = €57,000

- Total tax deducted = €19,180.83

- Net take home pay = €37,819.17

In monthly figures, the net take home pay is:

- Gross salary = €4,750

- Total tax deducted = €1,598.15

- Net take home pay = €3,151.85

Other Considerations

Other considerations that may reduce or increase the tax rate for an Auditing Manager in Dublin include:

- Pension contributions: If the individual is contributing to a pension scheme, this can reduce their taxable income and therefore decrease the amount of tax paid.

- Tax credits: Individuals may be entitled to various tax credits depending on their personal circumstances, such as the single person credit or the home carer credit. These can reduce the amount of tax paid.

- Other deductions: Depending on the individual's specific situation, there may be other deductions that can be made to reduce their taxable income, such as medical expenses or work-related expenses.