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!!
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!!