Employee PRSI changes for 2013

As mentioned in our “Payroll Effect” post in December we will be providing a number of informative posts on budgetary changes for this year.

Removal of PRSI allowance for employees

Below is a table that highlights the real effect or values on your  pay from Jan 2013.  It highlights the amounts you will be down if paid monthly, weekly, fortnightly, bi-monthly or 4-weekly.

It is based on the most common Class A1:  

Frequency Earnings exceed Net by reduced by
Weekly €500 €5.08
Fortnightly €1,000 €10.16
Bi-Monthly €1,084 €11.02
4-Weekly €2,000 €20.32
Monthly €2,167 €22.04

The PRSI allowance applies to Class A, H and E contributors. The PRSI allowance for modified rate contributors (Classes B, C and D) amounting to €26 is also being abolished.

There will be no impact on employees with weekly earnings which do not exceed €352.

The official guide can be downloaded from DSP site here

You can get automatic updates to this blog by entering your email on the right hand side, follow us on Twitter (@jpireland), via Facebook or Google+ 

All the best,
The Team at Jefferson

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake snowflake