Doing my self-assessed tax return for the first time, I am quite surprised to learn that apparently the self-employed have to pay PRSI on the interest that they earn on their savings.
Is this for real? Or am I making some really stupid mistake?
suggests that if you are self assessed but have employment (e.g. PAYE) income or pension income then you are exempt from PRSI on deposit interest but otherwise you are liable. I was in this situation a few years back but I seem to recall the ROS online return just automatically calculating the liability. Maybe it was something that I should have falgged in the early part of the form that askes if there is any uncertainty about anything or if anything needs manual intervention?