Reckonable earnings for PRSI purposes are gross pay minus superannuation or PRSA and approved permanent health insurance (see paragraphs
15 for further clarification). Reckonable earnings include the following: salary, wages, fees, commissions, bonuses, Christmas boxes, overtime, pay during sickness, holiday pay or pay in lieu of holidays and (from 1 January 2004) benefit-in-kind e.g. company car.
For people who are liable to pay PRSI contributions at the Class K rate (see
paragraph 26), for example a person who is getting an occupational pension or whose employment is not insurable for social welfare purposes, 'pay' includes any remuneration which is dealt with under PAYE.