Sam receives the PUP of €350 per week.
Revenue calculates the annualised amount:
Notional annual amount
Description | Amount | Calculation |
Weekly amount
|
|
€350
|
Annualised amount
|
350 x 52
|
€18,200
|
There is a reduction of Sam’s tax credits of €3,640 per year (€70 per week).
If Sam had claimed Jobseeker’s Benefit at €203 per week, this would result in a reduction in tax credits of €2,111 per year or €40.60 per week. (Jobseeker’s Benefit is taxed on the same basis and would be annualised at €10,556.)