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Old 1st May 2007, 17:42
  #109 (permalink)  
hollingworthp
 
Join Date: Feb 2007
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Ok - the starting salary is €56,500.

€20,000 is paid directly to the bank by NJE.

€36,500 is paid to you through the usual PAYE scheme and taxed as usual.

Essentially the €20,000 is earned tax-free but goes direct to the bank.
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