Brendan Burgess
Founder
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I noted this in passing back in October when the Pensions Commission Report was published, but I must have been too busy to follow up on it. https://www.askaboutmoney.com/threads/pensions-commission-report-published.225036/post-1740865
But they really highlighted the issue of the self-employed paying too little PRSI.
You can read the full report here: https://assets.gov.ie/200480/564ea175-28b2-417d-aa9b-3f1750225310.pdf
13.2.3. Recommendation: Class S
The Commission agrees with the proposals from the wide range of bodies that the Class S PRSI rates
should increase. In this regard, the Commission recommends:
• Increasing the self-employed PRSI contribution rate. In the first instance, the Commission
recommends that Class S PRSI for all self-employed income is gradually increased from 4 per
cent to 10 per cent. In the medium term, the Class S PRSI rate should be set at the higher rate
of Class A employer PRSI (currently 11.05 per cent).
But they really highlighted the issue of the self-employed paying too little PRSI.
You can read the full report here: https://assets.gov.ie/200480/564ea175-28b2-417d-aa9b-3f1750225310.pdf
13.2.3. Recommendation: Class S
The Commission agrees with the proposals from the wide range of bodies that the Class S PRSI rates
should increase. In this regard, the Commission recommends:
• Increasing the self-employed PRSI contribution rate. In the first instance, the Commission
recommends that Class S PRSI for all self-employed income is gradually increased from 4 per
cent to 10 per cent. In the medium term, the Class S PRSI rate should be set at the higher rate
of Class A employer PRSI (currently 11.05 per cent).
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