Calculation of the Class A PRSI Credit
- Class A employee PRSI is calculated at 4% of gross weekly earnings.
- For gross earnings between €352.01 and €424 in a week, the 4% PRSI charge is reduced by the PRSI Credit.
- The amount of the PRSI Credit depends on your gross weekly earnings.
- At gross weekly earnings of €352.01, the maximum PRSI Credit of €12.00 per week applies.
- For earnings between €352.01 and €424 (sub-classes AX and AL), the maximum weekly PRSI Credit of €12.00, is reduced by one-sixth of earnings in excess of €352.01.
- The following example shows how to calculate the PRSI Credit and the new PRSI charge, for gross weekly earnings of €377.
1. PRSI Credit:
Maximum PRSI Credit
One-sixth of earnings in excess of €352.01
(377.00 – 352.01 = 24.99/6)
Reduced PRSI Credit |
€12.00
(€ 4.17)
€ 7.83 |
| 2. PRSI @ 4% |
€15.08 |
| 3. Less : Reduced PRSI Credit |
€ 7.83 |
| 2017 weekly PRSI Charge |
€ 7.25 |
Note: The calculation of the PRSI charge, and accordingly the PRSI Credit is based on weekly earnings.
_____________________________________________________________________
For illustrative purposes only, the following sets out the new PRSI charge for Class A employees, at €5 intervals for gross weekly earnings between €352.01 and €424.
Class A PRSI charge for gross earnings between €352.01 and €424
| |
1. Calculate PRSI Credit |
2. PRSI at 4% |
New PRSI Charge |
| Gross weekly earnings (€) |
Gross
earnings in
excess of
€352.01
(€) |
1/6th of Gross
earnings in
excess of
€352.01
(€) |
Maximum
PRSI credit
(€) |
PRSI credit
(€) |
Class A PRSI
at 4%
(€) |
PRSI charge
(4% charge less
PRSI credit)
(€) |
| |
A |
B
(A/6) |
C |
D
(C-B) |
E |
E-D |
| 352.01 |
0.00 |
0.00 |
12.00 |
12.00 |
14.08 |
2.08 |
| 355.00 |
2.99 |
0.50 |
12.00 |
11.50 |
14.20 |
2.70 |
| 360.00 |
7.99 |
1.33 |
12.00 |
10.67 |
14.10 |
3.73 |
| 365.00 |
12.99 |
2.17 |
12.00 |
9.84 |
14.60 |
4.77 |
| 370.00 |
17.99 |
3.00 |
12.00 |
9.00 |
14.80 |
5.80 |
| 375.00 |
22.89 |
3.83 |
12.00 |
8.17 |
15.00 |
6.83 |
| 380.00 |
27.99 |
4.67 |
12.00 |
7.34 |
15.20 |
7.87 |
| 385.00 |
32.99 |
5.50 |
12.00 |
6.50 |
15.40 |
8.90 |
| 390.00 |
37.99 |
6.33 |
12.00 |
5.67 |
15.60 |
9.93 |
| 395.00 |
42.99 |
7.17 |
12.00 |
4.84 |
15.80 |
10.97 |
| 400.00 |
47.99 |
8.00 |
12.00 |
4.00 |
16.00 |
12.00 |
| 405.00 |
52.99 |
8.83 |
12.00 |
3.17 |
16.20 |
13.03 |
| 410.00 |
57.99 |
9.67 |
12.00 |
2.34 |
16.40 |
14.07 |
| 415.00 |
62.99 |
10.50 |
12.00 |
1.50 |
16.60 |
15.10 |
| 420.00 |
67.99 |
11.33 |
12.00 |
0.67 |
16.80 |
16.13 |
| 424.00 |
71.99 |
12.00 |
12.00 |
0.00 |
16.96 |
16.96 |
Subclass AOWeekly pay Band
(See note below) |
How much of weekly pay |
All income
Employee |
All income
Employer |
|---|
| €38 - €352 inclusive |
All |
Nil |
8.50% |
|---|
Subclass AXWeekly pay Band
(See note below) |
How much of weekly pay |
All income
Employee |
All income
Employer |
|---|
| €352.01 - €376 inclusive |
All |
4.00% |
8.50% |
|---|
Subclass ALWeekly pay Band
(See note below) |
How much of weekly pay |
All income
Employee |
All income
Employer |
|---|
| €376.01 - €424 inclusive |
All |
4.00% |
10.75% |
|---|
Subclass A1Weekly pay Band
(See note below) |
How much of weekly pay |
All income
Employee |
All income
Employer |
|---|
| More than €424 |
All |
4.00% |
10.75% |
|---|
Note: Share-based remuneration may in certain circumstances be subject to employee PRSI. Employer's PRSI is not chargeable on share-based remuneration.
Community Employment participants only
Subclass A8| Weekly pay Band |
How much of weekly pay |
All income
Employee |
All income
Employer |
|---|
| Up to €352 inclusive |
All |
Nil |
0.50% |
|---|
Subclass A9| Weekly pay Band |
How much of weekly pay |
All income
Employee |
All income
Employer |
|---|
| More than €352 * |
All |
4.00% |
0.50% |
|---|
Total PRSI: Calculate the employer and employee deductions separately and then add them together.
* PRSI credit applies on earnings up to €424.