2.1 Contribution rate (At 1st January 2007)
Class D. Where weekly income is in excess of €480, the employee’s contribution is currently 2.00% on the first €26 each week and 2.9% up to €1,925 per week and 3.40% thereafter up to the ceiling of €48,800 per annum. Where reckonable earnings are in excess of €48,800 employee contribution is 2% up to €1,925 per week and 2.5% on balance. If an employee’s income is less than €480 but over €339.01 per week the first €26 each week is exempt and the remainder is deducted at .9%. There is no liability on income under €339 per week. These percentage rates include the Health Contribution. The employer’s contribution in all cases is 2.35% of all income, with no ceiling.
Class A. Where weekly income is in excess of €480, the employee’s contribution is currently 2.00% on the first €127 each week and 6.00%on balance up to €1,925 per week and 6.5% thereafter up to the ceiling of €48,800. Where reckonable earnings are in excess of €48,800 employee contribution is 2% up to €1,925 per week and 2.5% on balance. If an employee’s income is less than €480 but over €339.01 per week the first €127 each week is exempt and the remainder is deducted at 4.00%. There is no liability on income under €339 per week. These percentage rates include the Health Contribution. The employer’s contribution is 8.5% of all income if under €356 per week and 10.75% on all income if over €356 per week with no ceiling. 2.2 In both cases the rate of contribution for the employee is reduced by the levies, i.e. 2.00% in the following cases:
2.3 Staff members who qualify under the contributions outlined in 2.2 should contact the Payroll Section to arrange for a reduction in their contribution, if not already on the reduced rates
- Medical Cardholders.
- Widow's/Widower's Pension (Survivor's contributory Pension from 28 October 1994)
- Deserted Wife's Benefit
- One Parent Family payment.
- Widow's Pension acquired under the social security legislation of another EEC country.
Probably better to check SW rather than Revenue.I had not heard of the reduced PRSI payments. Do you have any idea how I can go about claiming these, I don't think I have ever seen anything on revenue.ie about this.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?