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PRSI As A PAYE Individual & also a Self employed individual

  • 02-03-2009 4:28pm
    #1
    Butch Harmon
    Closed Accounts Posts: 9 ✭


    As you all probably know if your self employed (class S) you are exempt from the 2% health contribution if your earnings are below €26K.


    My question is if I also earn employee income (class AL) of €20K is this combined with my self employed income to see if i'm entitled to the health contribution exemption or not?????

    Many Thanks


Comments

  • #2
    swanvill
    Registered Users, Registered Users 2 Posts: 276 ✭✭swanvill


    Hi,
    Unfortunately they will combine both incomes to assess if you are liable for 2% health levy, so if you have an employment income €24k and other Schedule D income of €5k, total €29k you will have to pay the health levy which will be 2% of €5k.

    Swanvill


  • #3
    Butch Harmon
    Closed Accounts Posts: 9 ✭Butch Harmon


    Hi Swanvill,

    Thanks for your reply.

    That is exactly what I thought however just to be sure I called the revenue yesterday and they said that wasn't the case. That the €25k exemption threshold relates purely to class S income.

    They really do like to confuse matters.


  • #4
    swanvill
    Registered Users, Registered Users 2 Posts: 276 ✭✭swanvill


    Sorry to add to the confusion but I was talking about the health levy which is different to the 3% S class PRSI levy. Re the S class PRSI contribution it is 3% or €253 which ever is higher.The following link might help you a bit http://www.welfare.ie/EN/Publications/SW74/Pages/6WhatamountofPRSIdoIpay.aspx


    Swanvill


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