MrHarryCrummyEfficientFinancial4St.Mary’sRoad,Arklow,Co.Wicklow,Y14X677,Ireland.Tel:+353(0)40232629Fax:+353(0)40291772Email:harry.crummy@efficientfinancial.ie

MrJohnTraynorEfficientFinancial14FitzwilliamSquareEast,Dublin2,D02W298,Ireland.Tel:+353(0)16325013Fax:+353(0)16619664Email:john.traynor@efficientfinancial.ie

Ø Listed below are summary notes on taxes, which you may

find helpful as a reference point. Ø This information was prepared in March 2016 for

the 2016 Tax Year. Ø If you are interested in exploring what changes could be

made to improve the tax situation for you or your dependants, please contact us today for an initial financial consultation.

IncomeTax2016 StandardRate 20% HigherRate 40% StandardRateBand Single/WidowedNodependantchildrenWithdependantchildren

€33,800€37,800

Married/CivilPartners-oneincome €42,800 Married/CivilPartners-twoincomes*Increaseislowerof€24,800andincomeoflowerearningspouse.

€42,800+

*€24,800

TaxCredits SinglePerson €1,650 Married/CivilPartners €3,300 Widowed/SurvivingCivilPartners(nodependantchildren) €2,190 AdditionalCreditforOneParentFamily,Widowed&Other €1,650 PAYECredit €1,650 EarnedIncome(ExcludingPAYEIncome)Credit €550max BlindAllowance €1,650 DependantRelative €70 HouseholdWaterChargesCredit €100 AgeAllowance-65&Over €245 HomeCarer'sAllowance(Was€810in2015) €1,000 LimitforMedicalExpensesperadult €1,000 ExemptionLimits Single/Widowed/

SurvivingCivilPartnerMarried/CivilPartner

(Atleastoneaged65orover)Aged65orover,withnochilddependants.

€18,000 €36,000

UniversalSocialCharge Income (i)First€12,012(2015was1.5%)

1.0% (ii)Next€6,656(2015was€5,564at3.5%)

3.0%

(iii)Next€51,376(2015was€52,468at7%)

5.5%Ratereducedto3.0%ifover70andincomeisbelow€60,000,orifmedicalcardholderatanyage.(2015was3.5%)

(iv)Balance 8.0%

Individualswhohaveincomefromself-employmentthatexceeds€100,000inataxyeararesubjecttoa3%surcharge.AUSCrateof11%thereforeappliestoanyincomeinexcessof€100,000.USCdoesnotapplywheretotalincomedoesnotexceed€13,000(2015was€12,012)orincomethatisalreadysubjecttoDIRT.

PRSIRatesFromJanuary2016 A1 S1Employee *4.0%onallincome 4.0%onallincomeEmployer 10.75%**

(Incl.0.7%Traininglevy)Nil

*Employeesearninglessthan€352p.w.areexemptfromPRSI.TaperedPRSIreliefifweeklyearningsarebetween€352and€424,withnoPRSIreliefifweeklyearningsareover€424.**EmployerPRSIis8.50%ifweeklyearningsare€376orless.PRSIispayableonrentalincome,dividendsandinterestondepositsandsavings(ifthetotalofsuchincomeexceeds€5,000p.a.)(self-employedalreadyliablewithnothreshold)CapitalAcquisitionsTax2016* Threshold Relationship€280,000**(Previously€225,000)

Child,or,minorchildofadeceasedchild.

€30,150 Brother,sister,childofabrotherorsister,linealancestorordescendant.

€15,075

Other

TaxRate

33%

*Allbenefitsreceivedsince5/12/1991takenintoaccountforthreshold.

**Appliesonorafter14thOctober2015

AnnualGiftExemption€3,000

TaxonInvestmentProducts2016DIRT Whetherpayableannuallyorotherwise41%Thefollowingareamongthosewhocanclaimexemptionfrom/reclaimDIRT:Firsttimebuyerswhopurchasetheirfirsthomebetween14/10/2014and31/12/2017canclaimarefundofDIRTincurredintheprevious48monthsonsavingsupto20%ofthepurchaseprice.Thoseindividualswhoareoverage65andbelowtheincomeexemptionlimits.ExitTax CollectiveInvestments 41%CorporateInvestors 25%PersonalPortfolio/Wrappers 60%LocalPropertyTaxYearlyrateis0.18%ofthemarketvalueupto€1mand0.25%onexcessabove€1mLocalauthoritiescanincreaseordecreasetheseratesbyamaximumof15%.

ImportantTaxDatesfor2016

IncomeTax31/10/2016

Ø ReturnFilingdateandPaymentofBalanceofIncomeTaxfor2015.Ø PreliminaryIncomeTaxduefor2016.

10thNovember2016

Ø DeadlineforOnlineReturns.CapitalGainsTax15/12/2016

Ø PaymentofCGTondisposalsmadeintheperiod1stJanuary2016to30thNovember2016.31/1/2017

Ø PaymentofCGTondisposalsmadeinDecember2016.Disclaimer:EfficientFinancialacceptsnoresponsibilityforanyoftheinformationcontainedinthisfactsheet.Theinformationinthisfactsheetwascorrectatthetimeofpreparation(Mar.2016).Thefactsheetisintendedasaguideonly.Anytaxdecisionsshouldbemadeinconsultationwithaqualifiedprofessional.EfficientFinancialisatradingnameofHenryCrummyInsurancesLtdandisregulatedbytheCentralBankofIreland.