PRSI Query

bonnieprince · 19 Feb 2011

Hi

I work part time and earn less than €352 per week (€220), my payroll people are saying i should not pay any prsi because i am under the the €352 pw. But now they are saying there is a limit of €551 per month. Can someone clear up what i should be on?

bp

Joe_90 · 19 Feb 2011

PRSI is full of thresholds and exemptions.
A gross Income of less than €352 per week has a 0% rate of PRSI.
If you exceed this then your total pay is subject to 4% but the first €127 per week or €551 per month is exempt.

pudds · 19 Feb 2011

How much PRSI will I pay?

If you earn €352 or less per week, you pay none. Your employer has to pay the employer's portion and you are covered for all benefits. If you earn over €352 per week, you pay nil on the first €127 and 4% on the rest (up to a maximum weekly wage of €975). If you earn over €500 per week, you pay an additional 2% Health Contribution on all earnings up to €1925 per week. Medical Card holders, and people on State Pension (Widow's/Widower's) and One-Parent Family Payment, do not have to pay the Health Contribution.
If you earn less than €38 per week, you are insured at Class J, you pay nil PRSI and you are only covered for Occupational Injuries Benefits.

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bonnieprince · 19 Feb 2011

thanks for the help guys!

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