From next year, it will be possible for a couple to take home almost €80,000 a year without paying any income tax. 

 

Sounds great on paper, but what about in practice?  

 

There are lucrative tax incentives on the table – and not just for couples – but the varying methodologies are likely to appeal to some more than others.  

 

Chartered accountant and tax adviser Alan Purcell of CloudAccounts returns to the Money Talks studio this week to map it all out and to answer the question: Is it worth working less to ultimately earn more?  

 

“It can be,” Purcell said. “It takes a bit of planning. It’ll take a bit of work. It wouldn’t be for absolutely everybody, but if you have the right infrastructure in place, it can pay to work less.  

 

“You could also have some knock-on effects of maybe not even having to pay for childcare, which is actually a huge saving, as we all know, in this day and age.” 

 

Host: Katie Byrne 

Guest: Alan Purcell 

 

Money Talks is part of the Trust Project. You can see our ethics policies at independent.ie/ourjournalism 

From next year, it will be possible for a couple to take home almost €80,000 a year without paying any income tax.&nbsp;
&nbsp;
Sounds great on paper, but what about in practice? &nbsp;
&nbsp;
There are lucrative tax incentives on the table – and not just for couples – but the varying methodologies are likely to appeal to some more than others. &nbsp;
&nbsp;
Chartered accountant and tax adviser Alan Purcell of CloudAccounts returns to the Money Talks studio this week to map it all out and to answer the question: Is it worth working less to ultimately earn more? &nbsp;
&nbsp;
“It can be,” Purcell said. “It takes a bit of planning. It’ll take a bit of work. It wouldn’t be for absolutely everybody, but if you have the right infrastructure in place, it can pay to work less. &nbsp;
&nbsp;
“You could also have some knock-on effects of maybe not even having to pay for childcare, which is actually a huge saving, as we all know, in this day and age.”&nbsp;
&nbsp;
Host: Katie Byrne&nbsp;
Guest: Alan Purcell&nbsp;
&nbsp;
Money Talks is part of the Trust Project. You can see our ethics policies at independent.ie/ourjournalism&nbsp;

This is Money Talks  - a podcast from the Irish Independent hosted by Katie Byrne, focused on our relationship with money - from the first time we discovered it right up to how we spend it today. 

Each week, you’ll hear anecdotes, advice, and eyebrow-raising admissions from Katie's guests as they delve into their finances and how it impacts their lives – the good, the bad, and the ugly.

So, if that sounds like a show worth investing in, you can follow Money Talks  wherever you get your podcasts... new episodes land on Wednesdays.