“Despite the replacement of 20% of pay cuts, with effect from January 2015, the decline in retention rates in the applicable source in 2015 compensates for the increase of the monthly income subject to taxation” in the case of function of workers public, single or married with one child, who earn more than 1,500 euros per month, conclude the PwC analysts in simulations produced for the Lusa agency.
From Tuesday, the 20th, begin to be paid wages January in the Civil Service, and as always, the first employees to receive will be working, for example, under the supervision of Finance or Defence. Then, and until day 23, the remaining wages are paid.
But January is the month in which wages in the public sector and in state enterprises are being paid without the full salary cut that was into force.
The remuneration reduction applied to civil servants with monthly income above 1,500 euros is reduced by 20% compared to the percentage in force since September 2014, says the state budget this year, and starts be applied to the payment of the first paycheck of the year.
The public sector workers have their pay reduced since 2011, by the application of progressive cuts between 3.5% and 10% to wages above 1,500 euros.
In January 2014 the remuneration reduction was enlarged and began to vary between 2.5% and 12% from salaries above 675 euros, as was sinker by the Constitutional Court, recovering the Government reduced rates set four years ago, yet the socialist Executive led by José Sócrates.
The workers affects the public services who sued ordered after January 13, when it entered into force the new tables withholding tax on seat on the Personal Income Tax (IRS), still see their income increase by changing the new tables.
Wages processed before that date will still be calculated based on tables retention in the old source, not benefiting from the rates of descent, so in February, will hit the target.
The yield increases available by altering the retention rates at source are visible to workers with children (married and single) – and this higher monthly increase for taxpayers with higher wages, according to the simulations PwC
The remuneration increase compared to 2014 there is also for workers. low pay, due to the increase in the minimum of existence for 8,500 euros per year, getting these families exempt from IRS payment
Here are the results of the simulations done by PwC:.
Singles with a dependent
— gross monthly income: € 750
In 2015, the taxpayer will have a higher net monthly income EUR 12 in earned in 2014, wants to take it out only on Social Security, as employees of public companies, or take it out to CGA (General Pension Fund) and ADSE (health subsystem of the civil service), for example, a professor of public education.
As this worker did not pay cut in 2014, the rise in income is due exclusively to the review of the retention tables in the source, since, in 2014, paid a rate of 7.5% and in 2015, this rate will be 5.9%.
However, as the workers who pay into Social Security contributions are lower (11%) those who pay into the CGA (11%) and ADSE (3.5%), the net monthly income is higher in the first case, 619.50 euros, than in the second, 594.25. But in both cases the difference with 2014 is over 12 euros
— gross monthly income:. 1,000 euros
The monthly variation of the yield of this taxpayer will be over 16 euro, regardless of the system to which it is a discount, resulting in a lower withholding tax in 2015 of 10.9% compared to 12.5% in effect in 2014.
The yield monthly net will be 772 euros this year in the case of taxpayers who pay for social security and 738 euros in the case of that to discount to CGA and ADSE, an increase of 16 euros compared to last year.
— gross monthly income: 1,500 euros
The taxpayers who pay for social security will go on to win 23 more euros later this month in 2015, since the retention rate at source that they will apply this year is lower (15.9%) to 2014 (17.5%). The net monthly income of 1,076 euros will be in 2015, against 1053 earnings in 2014.
Households to discount to CGA and ADSE will have a 24 euros variation of your net monthly income, which also results from the change in the retention tables in the source. The net monthly income, which was 1002.50 euros in 2014, will be 1026.50 euros this year
— gross monthly income:. 2,000 euros
2015, net income of the taxpayer will be higher than 28.46 euros to discount only on Social Security and 27.97 euros discounting to CGA and ADSE, benefiting in both cases, a lower retention rate (it was 21.5% in 2014 and will be 20.5% this year) and the reversal of the wage cut.
In 2014 these employees had a wage cut of 70 euros in 2015 and this will be cut 56 euros.
Again, the difference is in discounts that either make each month, leaving taxpayers Social Security with a net income of 1304.16 euros per month and the CGA and ADSE with . a net salary of 1238.12 euros taxes
— gross monthly income: 3,000 euros
The net income of this family will be higher in 2015 than it was in 2014 regardless the rebate system, since they benefit from the reversal of the wage cut and the same reduction of withholding tax (which was 28.5% and is now 27.5%).
These employees had a pay cut of 230 euros in 2014 and will have a pay cut of EUR 184 in 2015.
A taxpayer that discounts on Social Security will earn 1689.24 euros net monthly this year, while a that discounts to CGA and ADSE will earn 1594.68 euros, an improvement of 53.94 euros and 53.33 euros respectively.
Married, two owners and a dependent
— gross monthly income: 1,500 euros (750 euros per holder)
A couple of workers in the state of the business sector, for example, (discounting on Social Security ) will see its net income improved 16 euros monthly (1.32% more) as a result of withholding tax at source move from 7.5% in 2014 to 6.6% in 2015.
A couple of workers with a child that discounts to CGA and ADSE paid less 14 euros for IRS in January compared to December
— gross monthly income:. 2,000 euros (1,000 euros by holder)
This family will gain more 18 euros monthly in 2015, wants to make contributions to Social Security wants to make discounts for CGA and ADSE, resulting from the reduction of withholding tax. In 2014, this retention was 12.5% and in 2015 11.6%
The net monthly income will be this year -. And as already checked before – higher . in the case of that just adds to the Social Security (1,530 euros) than for other civil servants (1,462 euros)
— gross monthly income: 3,000 euros (1,500 euros per holder)
A couple who get together 3,000 euros per month will pay 28 euros less in 2015 than they paid in 2014. Here there is no replacement of wage cut and therefore the increase in income is due to the reduction of withholding tax at source and the amount payable on the surcharge. The improved ordained in personal income tax is equal in the case of workers who pay into Social Security and the ADSE and CGA, while disposable income is higher than in the first case because of the discount system.
— gross monthly income: 4,000 euros (2,000 euros per holder)
Also this family will have a higher disposable income in 2015 than it had in 2014, due to the withholding tax will be 21 7% this year, compared with 22.5% paid last year.
On the other hand, while in 2014 had a wage cut of 140 euros, in 2015 this cut would be 112 euros.
If this aggregate cash only on Social Security, you get a net salary of 2562.32 euros taxes in 2015, more than 48.92 euros last year.
If this family discount for CGA and ADSE, will stick to a liquid 2432.24 euros ordained later this month, more than 49.94 euros monthly earned last year.
— gross monthly income: 6,000 euros (3,000 euros per holder)
A couple of workers in the state of the business sector (ie that discounts for Social Security) to receive monthly and together 6,000 euros has a monthly income improved 97.88 euros already this month compared to December. For public employees who pay into the ADSE and to CGA with the same salary, the improvement in monthly income is slightly lower:. 94.66 euros
In both cases the pay cut passes 460 euros to 368 euros and the retention rate in low supply of 28.5% to 27.7%.
The net monthly income is higher for the group that discounts on Social Security, from 3270, 60 euros to 3368.48 euros. The family that discounts for ADSE and the CGA will receive at the end of January, a net monthly income of 3177.36 euros, when received in December 3082.70 euros.
Digital Money with Lusa
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