PRSI - Calculation basis

SGWidow

Registered User
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212
Basic PRSI question

Say someone in their 50s has an ARF an no other income!

If they wish to withdraw €15,600 before the year end in one lump sum - is this payment subject to PRSI - assuming that they have no other income?

If someone withdraws €300 per week, no PRSI would be payable as it would be under the weekly threshold. If the €15,600 is taken in one lump sum, is PRSI due? Otherwise put, is there an annual threshold?

Thanks!!
 
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