Temporary Wage Subsidy Scheme (TWSS)
Subsidy rates in the operational phase
The operational phase ran from 4 May to 31 August 2020.
New rates were applied to payrolls submitted after 4 May, with a pay date on, or after, that date. There was no backdating of the new rates.
The rates depended on your Average Revenue Net Weekly Pay (ARNWP).
Rates if your ARNWP was less than, or equal to, €586
If your ARNWP was:
- less than, or equal to, €412, you would have received a subsidy of 85% of your ARNWP, up to a maximum of €350 per week
- more than €412, and up to €500, you would have received a flat rate of €350 per week
- more than €500, and up to €586, you would have received 70% of your ARNWP up to a maximum of €410 per week.
Rates if your ARNWP was more than €586
The wage subsidy did not exceed €350 per week. It was calculated with reference to the additional payment from your employer and its effect on your average weekly pay.
If your employer paid an additional payment that equated to an amount:
- up to 60% of your net-weekly earnings, you would have received a wage subsidy of €350
- that was more than 60% but not more than 80% of your net-weekly earnings, you would have received a wage subsidy of €205
- that was more than 80% of your net-weekly earnings, you would not have received a wage subsidy.
Tapering of subsidy
Tapering of the subsidy was applied where any additional payment from your employer, plus the wage subsidy, exceeded your ARNWP.
This was calculated by subtracting the additional payment by your employer from your ARNWP. It ensured that you were not better off under the TWSS than if your normal pay arrangements had applied.
The single exception to tapering was where the additional payment, when added to the wage subsidy, did not exceed €350 per week.
Revenue published a series of Frequently Asked Questions for Employees whose employers availed of the TWSS.
If you need any further clarification, contact Revenue by submitting your query through MyEnquires in myAccount.
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