Supplementary Budget April 2009-Summary of Pay Related Social Insurance (PRSI) Changes


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Employees Annual Earnings Ceiling

  • The employee’s annual earnings ceiling has increased from €52,000 to €75,036.

Employees Income Thresholds and Health Levy

  • The threshold for employee PRSI remains at €352. There is no change in rates.
  • The Health Levy rates have increased from 2% to 4% and from 2.5% to 5%
  • The threshold for payment of the lower rate of the Health Levy remains at €500 per week
  • The threshold for payment of the higher rate of the Health Levy has been lowered from €100,100 to €75,036

Employer PRSI Rates

  • There is no change in the Employer PRSI rates
  • The National Training Fund Levy which is paid alongside PRSI, remains at 0.7%

Self-Employed PRSI

  • The minimum annual contribution for Class S remains at €253
  • The Self-Employed PRSI rate of 3% remains.
  • The increase in the Health Levy rates and lowering of the threshold also apply to Class S.

Example of the Class A - PRSI (General Class for Employees)

PRSI Subclass

Weekly Pay Band

How Much Of Weekly Pay

Cumulative Earnings Ceilings

First €75,036

Over €75,036

Employee %

Employer %

Employee %

Employer %

AO

€38 - €352 inclusive

All

0

8.50

0

8.50

AX

€352.01 - €356 inclusive

First €127
Balance

0
4.00

8.50
8.50

0
0

8.50
8.50

AL

€356.01 - €500 inclusive

First €127
Balance

0
4.00

10.75
10.75

0
0

10.75
10.75

 

A1

More than €500

First €127

4.00

10.75

4.00

10.75

€127.01 to €1,443

8.00

10.75

4.00

10.75

Balance

9.00

10.75

5.00

10.75


Last modified:07/07/2009
 

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