2016 Tax Salary & Benefits Guide

Morgan McKinley 12.01.2016

A look at the salary ranges for tax professionals working in Ireland in 2016.

General Practice Salaries

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Tax Director5+75,000 - 95,00070,000 - 85,00050,000 - 65,00050,000 - 65,000
Tax Manager0 - 345,000 - 55,00040,000 - 45,00040,000 - 45,00040,000 - 45,000
3 - 555,000 - 65,00045,000 - 55,00045,000 - 50,00045,000 - 50,000
5+65,000 - 75,00055,000 - 65,00050,000 - 60,00050,000 - 60,000
Tax Senior5+35,000 - 50,00030,000 - 40,00030,000 - 38,00030,000 - 38,000
Graduate/ Tax Trainee0 - 321,000 - 30,00016,000 - 20,00015,000 - 20,00015,000 - 20,000

Big Four Tax Salaries

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Tax Director5+85,000 -125,00085,000 - 120,00080,000 - 110,00080,000 - 110,000
Tax Manager0 - 355,000 - 65,00050,000 - 55,00050,000 - 55,00050,000 - 55,000
3 - 565,000 - 85,00055,000 - 65,00055,000 - 65,00055,000 - 62,000
5+85,000 - 95,00065,000 - 80,00065,000 - 75,00062,000 - 75,000
Tax Senior3 - 540,000 - 55,00035,000 - 45,00035,000 - 42,00035,000 - 42,000
Tax Trainee0 - 321,000 - 40,00020,000 - 30,00020,000 - 28,00020,000 - 28,000

Typical range of benefits for tax professionals:

Benefit Type Management Non-Management
Pension Defined Contribution 3% - 8% employer contributionDefined Contribution 3% - 7% employer contribution
Healthcare Fully paid for employee and dependantsFully paid for employee only
Bonus 8% - 30%Not offered (non-industry standard)
Annual Leave 22-24 days20-23 days
Life Assurance 3 - 4 times basic salary3 - 4 times basic salary
Other Professional Subscriptions
Travel Tax Saver Tickets
Educational/ Training & Development Programmes
Bike-to-Work Scheme
VDU Eye Checks
Car Allowance

Tax recruitment: A candidate-driven market

The tax employment market has experienced shortages in the supply of talent over the last year. There was a clear upturn in the number of opportunities for tax professionals, building on the progress experienced in 2014. Expertise in global mobility, personal tax, employment tax and capital taxes continues to be in demand as well as in the core areas of VAT and corporate tax.

As Foreign Direct Investment rises and the increased global interest in OECD led BEPS (Base Erosion and Profit Shifting) projects, the number of companies seeking internal tax experts has increased considerably during 2015. This has led to a significant amount of senior level recruitment within Industry, in particular at Group Tax Manager, Head of Tax and Tax Director levels.

These growth factors have also led to increased pressure on Practices to retain expertise to accommodate a greater volume of business. There is a continuing talent shortage at lower and middle levels of management (AITI qualified with two or three years’ experience) as a result of the reduced trainee recruitment in 2009-2011. Practices are planning to increase headcount over the coming years, such plans have led to Tax Seniors, Managers and Senior Managers being in high demand. 

Some tax professionals are looking to grow their experience by moving from Practice to Industry, not necessarily due to higher salaries, but for the opportunity to develop their career. Practices have responded by offering clear paths for progression, higher bonuses and improved work-life balance for tax specialists from mid-manager level and above, while improving their employee value proposition.

In order to retain tax specialists, companies will probably need to offer increases in the order of 5-10%. We anticipate significant activity in the market in 2016.

The AITI Chartered Tax advisor has continued to be the most in demand qualification for tax professionals. For in-house roles, the accounting qualification (ACA or ACCA) is also seen to be advantageous.

Organisations will have to be innovative, open minded and convincing to attract and retain tax professionals in 2016.

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