What types of social insurance contributions are there?


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Social insurance contributions fall into the four groups below

  • Full rate social insurance contributions are PRSI contributions at Classes A, E, F, G, H and N or at 'ordinary' rate before 6 April 1979.
  • Modified rate social insurance contributions are PRSI contributions at Classes B, C and D. This category also covers contributions for Widows and Orphans Pension known as the 'WOPS' rate before 6 April 1979.
  • Voluntary Contributions (VCs) are made by people under age 66 who are no longer covered by compulsory PRSI provided they satisfy certain conditions.
  • Credited contributions ('credits') are similar to the social insurance contributions you pay while employed and are usually awarded at the same rate as your last paid social insurance contribution. You may get credits when you are claiming a social welfare payment. Credits are not allowed after self employed contributions ( Class S). For more information, log on to 'www.welfare.ie'.

Note:
Class S PRSI contributions, paid by self-employed people were introduced on 6 April 1988. Class S contributions are not reckonable for State Pension (Transition) but they are reckonable for State Pension (Contributory).

Last modified:15/01/2010
 

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