PRSI is not chargeable on non-residents. If you file a correct return via ROS you won't be charged PRSI. Otherwise, you'll need to get on to Revenue to have this resolved.
I know this is an old thread but just in case anyone is googling...
€500 is actually nothing when you consider it buys you 1/40 of the state pension contributory (assuming you will meet the other requirements).
If a non resident landlord is not socially insured in another EU country or a country Ireland has a bilateral social security agreement with, then it is allowed to pay PRSI voluntarily on this income. Otherwise it is not allowed and the payments will likely go to waste when your social insurance record in the other country lands in the DSP and they realise you weren't entitled to make those payments (or at least be credited for them).
1/40th of the pension in today's money is 310 p.a. It's clear then that you get your contributions back in just over 18 months after hitting Irish retirement age!! After that it's free money. If you live ten years after retirement age your 500 is now worth 3100.
That's quite a good deal. I intend paying this on my rental income once I take early retirement here in Germany.
Yes, it does if you are resident. Not sure about non-residentsUnearned income does not qualify your PRSI for a State Pension. It is only earned income that gives you a State Pension and the other PRSI related benefits.
Google class k prsi contributions.I'd like to see the legislation that says class S PRSI paid on unearned income results in different entitlements than class S PRSI paid on earned income.
I know that class S does not entitle one to jobseekers etc. but it definitely does qualify one for the state pension contributory and the widow's pension, possibly other things.
It's more complicated than this.So clear as mud but it does explicitly mention that class S applies to rental income.
That's quite a good deal. I intend paying this on my rental income once I take early retirement here in Germany.
people classified by Revenue as non residents who hold solely unearned income
Sorry to comment on a quite thread but a very interesting read - am i right in thinking from reading this thread that a full time resident landlord (where there full income comes from property) are considered self employed by the revenue?
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