Minimum PRSI contributions under Class S is €500 for a year
If a company directors takes a salary of say €10K for the year, the payroll system calculates the PRSI contributions as €400 (€10,000 @ 4%)
So my question is are company directors obliged to pay a minimum €500 and if so how does the other €100 ever get picked up
If a company directors takes a salary of say €10K for the year, the payroll system calculates the PRSI contributions as €400 (€10,000 @ 4%)
So my question is are company directors obliged to pay a minimum €500 and if so how does the other €100 ever get picked up