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Change of contribution class on reach ingage

Leaflet Sections

37 Retrospective payments
38 Change of contribution class on reach ingage
39 Contribution class in the case of more than one employment
40 Paying PRSI contributions during illness
41 Permanent health benefit schemes Income Continuance
42 Weeks of insurable employment
43 Contribution week
44 Work sharing effect on PRSI contributions see leaflet SW
45 Work sharing effect on amount of PRSI due
46 Week
47 Recordingt he correct number of weeks of insurable employment
48 Counting weeks of insurable employment where a change of PRSI class occurs
49 What weeks are not weeks of insurable employment
50 MonthlyremittancetotheCollectorGeneral
51 Submitting Nil returns where no PAYE tax or PRSI is due
52 Interest on overdue payments
53 Separation of PRSI contributions from PAYE income tax
54 Small monthly remittance
55 Recording of PRSI Details
56 Details to record during the year on theTax Deduction Card or other approvedr ecord
57 Change of contribution class
58 Completing end of year returns
59 How to complete form PL
60 Two or more changes of contribution class in an income tax year
61 Lodging end of year returns
62 Importance of end of year returns
63 Certificate to employees form P
64 Casual employees
65 Underpayments
66 Overpayments and refunds
67 Keeping records
68 Allowing employees to inspect their records
69 Penalties for failing to remit PRSI contributions
70 Where to get further information
71 EmployersChecklist

A change of contribution class can occur in the middle of a pay period where a person, paid monthly, could reach pensionable age in the middle of the month. In this case, the contribution class would change from Class A to Class J. In such cases the contribution class that applies on the date of payment of salary or wages determines the rate of PRSI contribution (see paragraph 48 for procedure for recording these changes).

Example

A person, in contribution Class A, paid monthly on the 30th of each month, reaches 66 years of age on 10 June. The contribution class therefore changes to J. When the next payday occurs, on 30 June, Class J applies (Class J is deducted but Class A is recorded - see paragraph 48 on how to show such periods in the context of recording weeks of insurable employment).

Last Updated: 06/10/2008 10:33

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