Paid monthly v weekly

Purple Mountain

Just wondering..
Do monthly paid employees have a prsi advantage over weekly paid employees if they leave employment?
What I mean is..
Say I'm paid weekly and I leave a job on 15th of month.
If I was paid weekly, I might have been paid on 7th and 14th and have 2 prsi credits in that month.
But if I was paid monthly and paid say on the 21st, if I left on the 15th then I assume I have prsi contributions paid for the 4.33 weeks in the month?
Thanks.

Bubbaclaus

Nope. PRSI weeks are calculated the same regardless of pay frequency. Week 1 of the year always begins on 1 January for everybodyand you just count your weeks from there.

Purple Mountain

But what happens when you get your p45?

Bubbaclaus

Purple Mountain wrote: »

But what happens when you get your p45?

I don't understand the context of your question.

Purple Mountain

So if I get paid weekly on 1st and 7th and leave the 10th say.
I understand that it doesn't matter when my p45 prints but the day of last pay for prsi contributions (say week 17 in calendar year for example). So I have printed up to and including the 7th of month x.

If I get paid by the month on say the 20th and leave 21st does the prsi cut off on the 20th? (3 weeks worth of prsi)
Or do I get the benefit of the extra week in that calendar month up to the 30/31st because my payroll is run monthly as opposed to weekly?

Sorry for confusion.

Bubbaclaus

The day you get paid is irrelevant. PRSI weeks are 7 days in length and you receive whatever number of total weeks up until your end date.

Purple Mountain

OK thanks.
So essentially you are cut off for prsi purposes on the date of cessation on your p45?
Appreciate your time to explain.

allthedoyles

Purple Mountain wrote: »

So if I get paid weekly on 1st and 7th and leave the 10th say.
I understand that it doesn't matter when my p45 prints but the day of last pay for prsi contributions (say week 17 in calendar year for example). So I have printed up to and including the 7th of month x.

If I get paid by the month on say the 20th and leave 21st does the prsi cut off on the 20th? (3 weeks worth of prsi)
Or do I get the benefit of the extra week in that calendar month up to the 30/31st because my payroll is run monthly as opposed to weekly?

Sorry for confusion.

In the greater scheme of things, a contribution earned from 7th-10th should be no big deal . Note that you could be disappointed with the value of it . For instance , it could be a A1-AO-AL-........or you might even hit rock bottom and only earn a JO .


If you are interested in seeing the full picture , then go to www.mywelfare.ie and register / if you have the much sought after PSC card , then proceed to www.mygovid.ie.
You can request a statement of contributions from starting work ( records start in 1979 )


This will give you the full picture of PRSI Contributions paid . Unfortunately you won't see 2018 until after year-end .