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:
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?
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.
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?