PRSI Changes For 2005
Health Contribution Changes.From 1 January 2005, employees are not liable for the 2% Health Contribution on reckonable earnings up to €400 per week, (increased from €356). This change affects all
PRSI Contribution Classes except Class P.
New Subclass ALThe new subclass AL is payable by the employer and employee on all reckonable earnings in any week that they earn between €356.01 and €400 inclusive. The employee is no longer liable for the 2% Health Contribution. The employer's share of the contribution remains at 10.75%.
Employee's annual earnings ceilingThe employee's annual earnings ceiling (above which they pay no social insurance contributions) has increased to €44,180.
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