A Guide to PRSI for the Self-Employed - SW74


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The following people do not pay PRSI at Class S:

  • 'prescribed relatives' (son or daughter, parent, brother or sister, etc.) who help a self- employed person with their business but who are not partners in the business*,
Note
If you employ a relative you must contact Scope Section for a decision on the relative's social insurance contribution.
  • people getting Pre-Retirement Allowance on an on-going basis,
  • people whose total income from self-employment (earned and unearned) and employment is below a certain amount, currently €5,000 a year,
  • people categorised by Revenue as non-residents who hold solely unearned income,
  • people insured as employees whose only other income is unearned such as share dividend payments or rent. From 1 January 2014 they may be liable for PRSI contributions at Class K on this income*,
  • people in receipt of a pension arising from a previous employment of theirs or of their spouse, or civil partner who are under pensionable age and whose only other income is unearned. From 1 January 2014 they may be liable for PRSI contributions at Class K on this income*,
  • public servants paying PRSI at Class B, C or D, who are also self-employed. From 1 January 2013 these contributors who have self-employed income from a trade or profession are liable for PRSI contributions at Class K on this income. If they also have unearned income they are liable for PRSI contributions at Class K on those incomes*.
  • public office holders in respect of their income from public office. From 1 January 2011 certain public office holders are liable for PRSI contributions at Class K on this income.

*For more information on extension of PRSI liability to unearned income, log on to welfare.ie

 
Last modified:13/04/2017
 

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