agw

agw

PRSI

Rates for 2004 to 2008

Employees

Year

Employee Income (€)

Employer's rate

Employee's rate

2009

Up to 52,000
Over 52,000

Over 100,100

10.75%
10.75%

10.75%

6% (includes 2% Health Contribution)
2% (Health Contribution)

2.5% (Health Contribution)

2008

Up to 50,700
Over 50,700

Over 100,100

10.75%
10.75%

10.75%

6% (includes 2% Health Contribution)
2% (Health Contribution)

2.5%(Health Contribution)

2008

3% PRSI and 2% Health Contribution on all income up to €100,100  (5%)
3% PRSI and 2.5% Health Contribution on all income over €100,100  (5.5%)

2009

3% PRSI and 3.333% Health Contribution on all income up to €75,036 (6.333%)
3% PRSI and 4% Health Contribution on all income from €75,036 to €100,100 (7%)
3% PRSI and 4.167% Health Contribution on all income over €100,100  (7.167%)
Self-employed persons are exempt from Health Contribution where the annual income is €26,000 or less in 2008 or 2009. The minimum annual PRSI contribution is €253.

Non-cash benefits

From January 2004, PRSI applies to non-cash benefits in the same way as income tax applies. Before January 2004, any non-cash benefits that were provided were not liable to PRSI. However, following the changes, employers 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,  employee PRSI charges will also apply. The 2% Health Contribution will also now apply to the non-cash benefits.

Main exemptions and reliefs

Employees are exempt from PRSI on the first €127 per week. Employees earning €352 or less per week in 2008 or 2009 are exempt from PRSI and Health Contribution. However, where earnings exceed €352 per week, the employee’s PRSI Free Allowance remains at €127 per week. Employees earning €500 or less per week in 2008 or 2009 are exempt from Health Contribution.

Self-employed

Year

Income (€)

PRSI rate

2009

Up to 26,000
Over 26,000

Over 100,100

3% (no Health Contribution)
5% (includes 2% Health Contribution)

5.5% (includes 2.5 Health Contribution)

2008

Up to 26,000
Over 26,000

Over 100,100

3% (no Health Contribution)
5% (includes 2% Health Contribution)

5.5% (includes 2.5% Health Contribution)

Minimum annual PRSI contribution remains at €253.