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Is there employers prsi charged on employers pension contributions

  • 02-10-2013 4:25pm
    #1
    monkerhostin
    Closed Accounts Posts: 23 ✭


    As per title, just wanted to find out whether a company has to pay extra employers prsi on the portion that a company contributes to a pension for an employee and if anyone had any links, I would appreciate it


Comments

  • #2
    tatli_lokma
    Registered Users, Registered Users 2 Posts: 3,332 ✭✭✭tatli_lokma


    monkerhostin wrote: »
    As per title, just wanted to find out whether a company has to pay extra employers prsi on the portion that a company contributes to a pension for an employee and if anyone had any links, I would appreciate it

    They pay PRSI but not on the pension contributions. You have your gross salary - PRSI is paid by the employer on that. In addition they pay the pension contributions whatever they are - 5% 10% whatever. The employee pays PRSI on the taxable portion and as pensions are tax deductible then they pay less PRSI and tax over all. You don't get extra PRSI contributions by having a pension. The benefit is in the fact that having one reduces you tax liability.


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