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Banking, Tax & PPS in Ireland

Everything you need to know about setting up your finances in Ireland — from getting your PPS number to filing your first tax return.

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Banking, Tax & PPS in Ireland

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Getting financially set up in Ireland

When you arrive in Ireland, sorting out your finances is one of the first priorities. The good news is that the process is fairly straightforward once you know the steps. This guide covers everything from your PPS number — which you'll need before almost anything else — to opening a bank account, understanding the Irish tax system, and applying for your tax credits.

Your PPS Number: the key to everything

Your Personal Public Service (PPS) number is a unique reference number that lets you access social welfare benefits, public services, and information in Ireland. You cannot legally work, access healthcare, or open many bank accounts without one. The good news is that it's free to get and the process is relatively quick.

To apply, you'll need to visit your local Intreo Centre or Social Welfare Office with proof of identity (passport), proof of address, and evidence of why you need the number (such as a job offer letter or employer letter).

Opening a bank account

Ireland's banking landscape can be challenging for new arrivals — traditional banks require proof of address and a PPS number, which creates a chicken-and-egg problem. The practical solution most newcomers use is to open a digital bank account first (Revolut, N26, or bunq all work well and don't require an Irish address), then switch to a traditional bank once you have your PPS number and a utility bill in your name.

The two largest banks for day-to-day banking are Bank of Ireland and AIB. Both have extensive branch and ATM networks across the country.

Understanding Irish tax

Ireland operates a Pay As You Earn (PAYE) system for employees, meaning your employer deducts tax at source before you receive your salary. Your main taxes are Income Tax, PRSI (Pay Related Social Insurance), and USC (Universal Social Charge). The combined rate you pay depends on your income level.

One important thing many new arrivals miss: you must register with Revenue and claim your tax credits. If you don't, you'll be taxed on the emergency basis — a much higher rate. Register at myAccount on revenue.ie as soon as you start work.

Key official resources

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