Ireland self-employed net income calculator (sole trader)
Your net income as an Irish sole trader is profit minus three separate charges — income tax at 20% and 40% around the 44,000 EUR standard rate band, USC on its own bands, and Class S PRSI at 4.2375% with a 650 EUR minimum.
Worked example: with Annual profit after expenses of 60,000, this model computes Net income / year 44,674.68. See the full breakdown.
⚠ Illustrative rates Updated for 2026 · sources checked 2026-08-22
How sole trader in Ireland is calculated
Ireland charges self-employment income three times over, each with its own rules, and that is why estimating an Irish net figure from a headline rate never works. Income tax has a standard rate band and personal credits; USC has four bands of its own and an exemption below 13,000 EUR; PRSI is a flat percentage with a statutory minimum. A euro of profit can attract very different combined rates depending on where it lands in three separate schedules.
The self-employed credit closed most of the old gap with employees: the earned income credit now matches the employee PAYE credit, so a sole trader and an employee on the same money face similar income tax. Class S PRSI remains cheaper than the combined employee and employer rate, at the cost of a narrower set of benefits.
Worked example
| Annual profit after expenses (EUR) | 60000 |
|---|---|
| Income tax (after credits) ✓ | 11450 |
| USC ✓ | 1332.82 |
| Class S PRSI ✓ | 2542.5 |
| Net income / year ✓ | 44674.68 |
Every row is computed by the engine from the inputs above. Rows marked ✓ are additionally pinned by a published self-test vector.
Frequently asked questions
How much tax does a sole trader pay on 60,000 EUR in Ireland?
About 11,450 EUR of income tax after credits, 1,333 EUR of USC and 2,543 EUR of Class S PRSI — roughly 44,675 EUR net.
What is Class S PRSI?
The self-employed PRSI class, charged at 4.2375% of reckonable income with a statutory minimum of 650 EUR once income reaches 5,000 EUR. It is cheaper than the employee and employer rates combined, but covers fewer benefits.
Do sole traders get the same tax credits as employees?
Effectively yes. The earned income credit for the self-employed now matches the employee PAYE credit, so a single sole trader claims 3,750 EUR of credits in total.
Sources
- Revenue — Universal Social Charge (USC) rates and PRSI for the self-employed · checked 2026-08-22
- Budget 2026 Ireland — tax rates, bands, USC and PRSI · checked 2026-08-22
Estimate. Not tax advice. The rates in this calculator are illustrative: they reproduce the shape of the charge through 3 self-test cases, but they are not the official schedule, so the amount shown will not match your bill. Use the official source above for that.
Check the arithmetic yourself: how this calculator is verified — the formula behind every derived value, the 3 test cases the engine reproduces, and what the badge does and does not claim. Also available as machine-readable JSON.
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