PRSI Contribution Rates and User Guide 2014 - SW 14

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PRSI changes from 1 January 2014

  • There are no changes to employee rates of PRSI.
  • There are no changes to the rate of self-employed PRSI or in the minimum/flat rate self-employed PRSI payments.
  • The Jobs Initiative announced in May 2011 included a time limited PRSI measure. This involved the halving of the lower rate of Class A Employer PRSI from 8.50% to 4.25% for the period 1 July 2011 to 31 December 2013. This lower rate applies to employments where weekly earnings are €356 or less. The rate, as already provided for in legislation, reverts to 8.50% on 1 January 2014.
  • In Budget 2013 it was announced that from 1 January 2014, the exemption from PRSI applying to employed contributors and occupational pensioners (whether that pension arises from that person's own employment or the employment of his or her spouse or civil partner) under 66 years, whose only additional income is unearned income, will be abolished. This means that unearned income such as rental income, investment income, dividends and interest on deposits and savings will be liable to PRSI.
Last modified:31/01/2014