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Advance notice of PRSI changes for computer users 2018

PRSI changes announced in Budget 2018.


Employee PRSI

There are no changes in employee rates of PRSI and there is no change to the employee PRSI Credit.


Self-employed Payments

There are no changes to the rate of self-employed PRSI or in the minimum/flat rate self-employed PRSI payments and the self-employed will gain access to Invalidity Pension from December 2017.


Employer PRSI

The National Training Fund Levy (NTFL), collected alongside Employer PRSI for Classes A and H, will increase by 0.1% from
0.7% to 0.8% from 1 January 2018. This means that Employer rates (combined PRSI and NTFL) for Classes A and H will
increase by 0.1%.


Other PRSI

There are no changes to other PRSI Classes.


Income bands and subclasses

Subclasses
A0
A8, B0, C0, D0 & H0
Weekly
€38 to €352
Up to and including €352
Fortnightly
€76 to €704 (see note)
Up to and including €704
Monthly
€165 to €1,525 (see note)
Up to and including €1,525


You can learn more about Thresholds for PRSI Classes AX, AL, HX, A9, A1, BX, CX, DX, JO, M and SO by clicking on "see note"
link above on Department of Employment Affairs and Social Protection.

 

PRSI contribution rates from 1 January 2018

Private And Some Public Sector Employments

Non-Cumulative Weekly Earnings Band

PRSI Subclasses

How Much Of Weekly Earnings

Employee %

Employer %

Employee & Employer %

Up to €37.99

JO

ALL

0

0.50

0.50

€38 - €352

AO

ALL

0

8.60

8.60

€352.01 - €376

AX

ALL

4.00

8.60

12.60

€376.01 - €424

AL

ALL

4.00

10.85

14.85

More than €424

A1

ALL

4.00

10.85

14.85


Note: PRSI credit applies to sub-classes AX and AL as stated in Note 3 on this page of Department of Employment Affairs and Social Protection

 

You can learn more about the PRSI Changes 2018 on Department of Employment Affairs and Social Protection website by
clicking here or by downloading the PDF file issued by Department of Employment Affairs and Social Protection.

 

Softcom does not accept any responsibility. The above is for reference ONLY. Please consult the relevant Department before making any decisions.

 

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