PRSI on Bank deposit interest

S

stunner78

Guest
Hi all

OK so my only income is Schedule E PAYE, and some bank interest.

Does PRSI on the bank interest need to be calculated, returned and paid? I know the tax is deducted at source, but not sure about PRSI.

Any help much appreciated, can't find a straight answer online
 
When I file my Form 11 the Revenue calculate the PRSI due and add it to the tax due.
 
Irish deposit interest:
For Paye earners, no Prsi on deposit interest.
For self-employed, there is Prsi on deposit income.

Not 100% sure about non-Irish deposit income.
 
What if you are self-employed and also a PAYE worker.?
Revenue have calculated PRSI on all deposit Interest earned and I never heard of breaking it down into what interest was on business savings and what was on PAYE savings.
In most cases the savings are from PAYE job but on the form there is only one place for interest earned.
Should I go back and get a review done?
 
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