deadlyduck
Registered User
- Messages
- 441
I did a quick search of this forum and didn't find the answer to the following (apologies if it's been covered somewhere).
Am I correct in the following calculating procedure when calculating PRSI and Health contribution for a self employed person whose income is solely derived from Schedule D sources :
Total tax adjusted Schedule D income XX
Less:
Prior years Case I losses (NOT DEDUCTED)
Current year Case I losses (DEDUCTED)
Capital allowances (DEDUCTED)
Pension contributions (NOT DEDUCTED)
Income protection/Perm Health premium (NOT DEDUCTED)
The foregoing gives the value of income liable to PRSI and Health Contribution at various rates. The minimum amount of PRSI payable is €253 pa. If there is anything I've left out please advise!
Am I correct in the following calculating procedure when calculating PRSI and Health contribution for a self employed person whose income is solely derived from Schedule D sources :
Total tax adjusted Schedule D income XX
Less:
Prior years Case I losses (NOT DEDUCTED)
Current year Case I losses (DEDUCTED)
Capital allowances (DEDUCTED)
Pension contributions (NOT DEDUCTED)
Income protection/Perm Health premium (NOT DEDUCTED)
The foregoing gives the value of income liable to PRSI and Health Contribution at various rates. The minimum amount of PRSI payable is €253 pa. If there is anything I've left out please advise!