Close Company: Is the Com Sec treated like a director for PRSI

Calahonda52

IIRC a director of a close company, who is an employee of the close company, is not able to pay the full rate PRSI, or least get the benefit thereof:
If above is true, does the same apply to com sec of a closed company who is an employee?
Thanks as always.

{ If my assumption is wrong I will delete the post }:)

Lockedout2

A director who has control of a company is class S a director who does not have control is class A.

I’d image a controlling secretary would find it had to argue that they are not in fact a director!

Pawwed Rig

It would depend on the Directors shareholding more than his job title.

namenotavailablE

Taken from here:

Under the provisions of Section 16 of the Social Welfare and Pensions (Miscellaneous Provisions) Act 2013 proprietary directors who own or control 50% or more of the shareholding of the company, either directly or indirectly, cannot be an employee of that company. This provision comes into effect from 1 July 2013.

In these circumstances the individual is classified as self-employed and is liable to pay PRSI at Class S.

The classification of proprietary directors who own or control less than 50% of the shareholding of the company will continue to be determined on a case by case basis, taking into consideration the Code of Practice for Determining the Employment or Self-employment Status of Individuals.

dogsears

Seems OP is referring to the company secretary as not being a director which is perfectly possible.

Calahonda52

Thanks for insights:
one more question:
A is a director of company A with her sister
A will be appointed Com sec of Company B and will be an employee of company B

I presume this is not a SW problem as its two different, unconnected companies.