An employee's ordinary contributions to a superannuation fund or PRSA scheme are exempt from PRSI as long as they are:
- paid into a scheme which is approved by Revenue,
- deducted at source by the employer.
However, an employee can pay pension contributions themselves and then claim a refund from Revenue Customer Services Section in Limerick - see address in
All AVCs (Additional Voluntary Contributions) that are allowable as a deduction for income tax are exempt from PRSI.
For a full statement on pay for PAYE purposes, refer to either one of Revenue's publications - IT50
PAYE/PRSI Guide for Small Employers or the Employers' Guide to PAYE available from Revenue's Forms & Leaflets Service, tel: (01) 865 5002 or LoCall 1890 30 67 06 (from within the Republic of Ireland only).