PAYE/PRSI and working for 2 companies

I am in full time employment, earning c. 70K per annum.

I have been offered some part time work with another co. for which I will receive c. 20K per annum.
If I will be registered as an employee of the second company presumably I will be paying PRSI of 4% on the full 20k even though I will have stopped paying PRSI of 4% at € 48,800 in the first job.

Are my assumptions here correct. If they are, is there anything I can do about it. Thanks.

You can reclaim the 4% PRSI you pay in the second employment.

I will try and post you the link to the form to use.

http://www.welfare.ie/forms/prsiref1.pdf

Check out paragraph 20 here http://www.welfare.ie/publications/sw3.html#20
That should help.
Cheers

thanks guys. Saved me 800 euro.

You're very welcome.........don't go spend it all on drink now

I suspect that very few people know about the ability to reclaim PRSI in this situation.

Protocol said:

I suspect that very few people know about the ability to reclaim PRSI in this situation.

Click to expand...

Definitely, and heres one, when 2 lots of PRSI "A class weeks" go on record do you think :-
1) that Social Welfare would see this and say "oh, perhaps theres a refund due here, lets take a look and see if we can give this person money back and
2) that you get 2 lots of state benefits for the two lots of payments

methinks not a chance.