The €4,004 yearly exemption is to be applied for to the Revenue only at the end of the year.  It is not to be broken down into weekly/monthly/etc equivalents to be applied in weekly/monthly/etc payroll.  This is different to the Income Levy where the €15,028 was broken down and applied weekly/monthly/etc.   Throughout the year the only thresholds/rates to be applied in payroll are €10,036 @ 2%, the next €5,980 @ 4% and the balance at 7%.  Folks aged 70 or over pay a max of 4%, starting above €10,036. This exemption it has to be applied for at year […]