Tax Refund

aon1998

Hi,
I'm in 6th year and I worked over the summer and earned €5,994.90 in total
I left before I got my August payslip so only have the tax details from May onwards.
I paid €67.11 in USC (+August)
€85.01 in PRSI (+August)
I understand I can get a refund on the USC as I was under the threshold of €12,012 but I'm not sure and about the PRSI and found multiple different answers on google.
3 of my payslips say I'm in PRSI class A0
1 says PRSI class A1
and I'm not sure about the August. My August income was (€1521.15)
I'm not planning on having another Job until next year if thats relevant.
Thanks

Stheno

Did you get a P45?

aon1998

No never got it

jjjd

aon1998 wrote: »

No never got it

Did you ask your previous employer for it? Sounds like you're still regarded as an employee then. As for PRSI, it is calculated on a weekly basis, not on a cumulative basis like PAYE or USC. PRSI tables can be found on the social protection website.

aon1998

Thanks for the reply
I'll go into the store some day and talk to my old manager about it. Sorry could you explain the PRSI again please. Does cumulative basis basically mean that if I earned 350 a week for 52 weeks then I wouldn't have to pay it but if I earned 6000 over 4 months then I would and wouldn't be entitled to a refund even though in both ways I'm still under the threshold.

jjjd

aon1998 wrote: »

Thanks for the reply
I'll go into the store some day and talk to my old manager about it. Sorry could you explain the PRSI again please. Does cumulative basis basically mean that if I earned 350 a week for 52 weeks then I wouldn't have to pay it but if I earned 6000 over 4 months then I would and wouldn't be entitled to a refund even though in both ways I'm still under the threshold.

You've got cumulative basis mixed up with weekly basis! For example if you earned €1,000 in the first week of the year but didn't earn any money for the other 51 weeks in the year you would initially have PAYE & USC deducted on your first week's payslip. However over the course of the year (or cumulatively) you would not have reached the threshold for paying both and you would be due a refund.

PRSI works differently. Each week is taken in isolation. You pay PRSI based on how much you earned that week. That is why your PRSI class changes from week to week based on what you earned that week. It is not averaged out over the course of the year.

aon1998

jjjd wrote: »

You've got cumulative basis mixed up with weekly basis! For example if you earned €1,000 in the first week of the year but didn't earn any money for the other 51 weeks in the year you would initially have PAYE & USC deducted on your first week's payslip. However over the course of the year (or cumulatively) you would not have reached the threshold for paying both and you would be due a refund.

PRSI works differently. Each week is taken in isolation. You pay PRSI based on how much you earned that week. That is why your PRSI class changes from week to week based on what you earned that week. It is not averaged out over the course of the year.

Oh I understand now, thank you
But I still should be able to claim back the usc?

Stheno

aon1998 wrote: »

Oh I understand now, thank you
But I still should be able to claim back the usc?

Potentially yes.

I think you claim it from the DSP, not Revenue though

sonyvision

Hi,

You should be able to claim back all the USC you may have to wait till the end of December, simply go online and request a P21 balancing statement through revenue.ie

This will calculate and tax payment. Your under the 12k and should trigger a refund in your fav.

As above the PRSI is taken per week and no refund will be applied as you earned over 355 approx in that week where the rate of PRSI charged is 4% on total income that week.

Hope this helps on the matter

jjjd

Yes you should be able to claim back the PAYE and USC from Revenue, but not the PRSI (maybe from DSP). You'll need to get your P45 from your previous employer first so that you can apply for a refund. If you know already that you won't be working for the rest of the tax year I think you can fill out a P46, or if you're unsure you can wait until the end of the tax year and apply for a P21 balancing statement (this can be done online, you can register/apply on the revenue website). PRSI can be quite a crude calculation, unfair even, for example if you earn €352 in a week you'll pay no PRSI, but if you earn €352.01 or more you'll pay 4% on the entire amount!!

aon1998

Thanks for your help