| Class A (Normal rate at which contributions are made) |
| |
Employee's Income chargable as below: |
Employee |
Employers Rate |
| Tax Year 2007 |
| Income up to €48,800 |
| From €48,800 to €100,100 |
| Over €100,100 |
|
| Income up to €48,800 |
| From €48,800 to €100,100 |
| Over €100,100 |
|
|
| Tax Year 2006 |
Income up to €46,600 to PRSI @ 4% Plus a Health Contribution
|
| Over €46,600 to a Health Contribution of 2% |
|
|
|
| |
Employees are exempt from PRSI on the first €127 per week or €26 per week for employees on a modified PRSI rate. Employees earning €300 or less per week are exempt from PRSI and Health Contribution. However, where earnings exceed €300 per week, the employee’s PRSI Free Allowance remains at €127 per week or €26 per week for employees on a modified PRSI rate. Employees earning €400 or less per week in 2005 and €440 or less per week in 2006 are exempt from the Health Contribution of 2%.
Non-Cash Benefits: From January 2004 onwards, PRSI will apply to non-cash benefits in the same way as income tax applies. Prior to January 2004, any non-cash benefits that were provided were not liable to PRSI. However, following the changes, employers will have to pay employer’s PRSI (currently 10.75%) on non-cash benefits, regardless of the amount of employee earnings. Furthermore, where the employee’s earnings are below the PRSI threshold, now set at €48,800, employee PRSI charges will also apply. The 2% Health Levy will also now apply to the non-cash benefits.
Note: Recipients of a Social Welfare Widow's or Widower's Pension, Deserted Wife's, Benefit/Allowance or One-Parent Family Payment are exempt from paying the 2% Health Contribution. All Medical Card holders (including people age 70 or over, from 1 July 2001) are also exempt from this contribution. |
| Class S (Self Employed) |
| |
|
Total |
| Tax Year 2007 |
| Income up to €100,100 - 3% PRSI and 2% Health Contribution |
| Income over €100,100 - 3% PRSI and 2.5% Health Contribution |
|
|
| Tax Year 2006 |
| All Income 3% PRSI and 2% Health Contribution |
|
5% |
| |
| Self employed persons are exempt from Health Contribution of 2% where the annual income is less than €22,880 or less in 2006 and €24,960 or less in 2007. The minimum annual PRSI contribution is €253. |
