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Pension 170/PRSI/PRD - OBLIGATORY?

  • 26-12-2013 01:15PM
    #1
    isahau
    Registered Users, Registered Users 2 Posts: 2 ✭


    I am working for the HSE and I am deducted PSRI, PRD and Pension 170 from my paycheque. Does anyone know if it is possible to opt out of any of these or to reduce the rates? I want to increase my take-home pay each month...

    Advice/help would be much appreciated.


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 15,055 ✭✭✭✭Geuze


    isahau wrote: »
    I am working for the HSE and I am deducted PSRI, PRD and Pension 170 from my paycheque. Does anyone know if it is possible to opt out of any of these or to reduce the rates? I want to increase my take-home pay each month...

    Advice/help would be much appreciated.

    Income tax and USC are compulsory taxes on all/most income.

    PRSI is compulsory social insurance, for reasons too complex to explain here.


    Public servants must pay substantial pension contributions - the main cont plus the recent PRD pension contribution. These are compulsory.


  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 15,055 ✭✭✭✭Geuze


    One way to cut your tax bill is to increase your pension conts by making AVCs.

    However, this will reduce your take-home pay.


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