PAYE / PRSI

The weekly PRSI allowance is abolished with effect from 1 January 2013. [In 2012, the first €127 in the case of full rate contributors and €26 in the case of modified rate contributors, is disregarded in computing the employee contribution.]

In the case of self-employed contributors, the minimum contribution is increased to €500 (from €253). For those who have no net liability to tax, the minimum contribution is increased to €310 (from €157).

Modified rate contributors who have income from a trade or profession are liable to pay a PRSI contribution on all income.

Further information can be found on www.welfare.ie

PRSI Limits for Employees
2013 Employees earning €352 or less per week are exempt from PRSI.
PRSI Limits for Employers
2012 2013
PRSI €38 – €356 per week – 4.25%
>€356 per week – 10.75%
< €38 per week –  0.5%
€38 – €356 per week – 4.25%
>€356 per week – 10.75%
PRSI Limits for Self Employed (including proprietary directors)
2012 2013
PRSI 4% of earnings with no ceiling 4% of earnings with no ceiling

The minimum annual PRSI contribution is €500 from 01.01.13.

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