Payslip Query for Director

Hi,

I'm reviewing my payslips and before I talk to the accountant who processed them I have a query. As a Ltd company director, 99%/100% ownership, I should be Class S? I found this:

Under the provisions of Section 16 of the Social Welfare and Pensions (Miscellaneous Provisions) Act 2013 proprietary directors who own or control 50% or more of the shareholding of the company, either directly or indirectly, cannot be an employee of that company. This provision comes into effect from 1 July 2013.

In these circumstances the individual is classified as self-employed and is liable to pay PRSI at Class S.

Click to expand...

So this is PRSI at 4% of all that income. My question is that does this 'PRSI' appear on my PAYE Payslips? Is Class S PRSI paid by the employee or the employer?

Class S PRSI is paid only by the employee, there is no further % levied on the employer.

Ok, so the PRSI will appear on the payslip and all the income is classified as "PRSIable PAY EE" income?

In this case the payslips have been incorrectly done as PRSI Class A, so after being redone the Employee Net amount should be the same?

Yes the employee net amount would be the same, and the employer PRSI amount should read zero.

Great, thanks!