Budget 2022: Shireburn’s got your back!21 Oct 2021
1. Weekly Cost of Living Adjustment (COLA) Increase of €1.75
Indigo Payroll has a tool to help you apply the COLA increase throughout your payroll, using the Global Basic Pay Adjustments utility. Check out this article to find out how to go about it:
How do I allocate C.O.L.A. to all employees at once? | Indigo Help Center (shireburn.com)
As for social security contribution rates, we have you covered! Our system will be updated with the required changes as soon as the new rates are published, so you can rest assured your payroll will be fully up to date.
2. Part-time Tax Reduction from 15% to 10%
With this good news for part-time employees comes good news for your payroll. The Part-time Tax Profile will be automatically updated in Indigo, so you won’t have to lift a finger.
3. First €10,000 Overtime Taxed at 15% for non-managerial employees with an annual basic salary up to €20,000
Our team is on hand to effect the changes necessary to the overtime tax calculations in Indigo Payroll, so that you can relax.