Live in NI work in ROI

[wannabebetterwatchout]

Hi, I've just been offered a new job in ROI but I live (and will continue to live) in NI. Anyone else in this position who could advise in what I need to do (best way to open ROI bank account etc), tax implications, any pitfalls to be aware of etc? Thanks, it's a really good job & I want to accept but need clarity of whether it's a wise move!

Congratulations on the job offer!

This is a really good website: Cross Border Workers

You’ll pay ROI tax (unless your employers have a UK payroll and you can get on that) but will get a tax credit for that so that you won’t pay more than an NI worker, as you will still be tax resident in the UK.

If you’re being paid in euros you’ll need to be mindful of the fact that your end salary will be subject to exchange rates. I have friends who are the opposite (work in NI but live (and have mortgage) in ROI). I know they found it a bit painful a few years ago when the FX rate went against them.

Thanks Blog! I know a few the other way round too & there seems to be more info online that way round! I've been on that website but it ominously says when I complete self assessment there MAY be tax to pay in NI too and I guess that's what's concerning me mainly! I have a Revolut account so will need to see if they can pay into that.... also think I'll need to apply for PRSI number ((sigh)) it really is a great opportunity but I need to have my eyes open I guess...

Hey - this is my working arrangement and has been for years. I have a PPS number and found it easy enough to open a southern bank account. Where most AIB, Ulsterbank offer online account opening options, if you’re UK based you’ll need to make an appt and go into branch to do so and you may need 1 or 2 extra items of proof of ID or address.

Also, consider setting up an account as such with a decent currency converter crowd. I find I get a better rate withdrawing the cash and changing it in Enniskillen, rather than withdrawing from an ATM. Also bear in mind that you can transfer from a ROI account to an NI/UK one.

gah!! CANT transfer balances between ROI and Sterling, should have said. Maybe Revolut might help here?

Revolut would be a great option I’d say. We had to pay for our holiday in sterling earlier this year. We saved €250 by transferring it via Revolut than via those robbing bastards Bank of Ireland.

Thank you! So you complete a U.K. tax return annually? Have you ever had to pay any U.K. tax in addition? Sorry for all the questions - sounds handy enough!

@wannabebetterwatchout I think it depends on your income as to whether you’ll need to pay more tax when you do your return.

You should google online tax calculators for ROI and UK (PWC has a good ROI one which is pretty accurate and I think the UK government has its own although it looks pretty basic and doesn’t allow for pension contributions etc). Put your salary information in and compare. I did it and for lower levels of income it looks like you pay less tax in ROI (in which case you’d have to pay additional tax in UK) but that changes if you earn more. However I am not up to speed on UK tax credits etc so I don’t know if that would be the case in reality as I suspect there may be tax credits which might make the difference smaller. I certainly never had the impression that we pay less tax in ROI anyway 😀

There are really lots of people in that same situation OP describes, in fact it is very common in the tech area where I work. Outside of the south-east of England there are relatively few jobs in my field, but a lot in greater Dublin are (both startups and multinationals).

ROI recently updated their page here:
www.citizensinformation.ie/en/government_in_ireland/ireland_and_the_uk/cross_border_workers.html#:~:text=to%20enter%20Ireland.-,Tax,assessment%20to%20Revenue%20in%20Ireland.

It gets complicated fairly quickly if you have other income rather regular job (e.g., stock options, rental, consultancy) and you'll quickly find you need an accountant.

Hello… no, I don’t complete anything in the UK? Now I’m wondering should I be! I do check into see what NI contributions I need to top up but havent this year!

I was looking in to contributory pensions recently and they are transferable, uk and irish reckonable credits. Well, this is what the information I could get hold of seemed to confirm but check it out the UK end.I'll be claiming an Irish contributory pension hopefully transferring in 9 years from the uk