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Pension deductions

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  • 15-04-2019 9:41am
    #1
    Millem
    Registered Users Posts: 7,729 ✭✭✭


    Hi All,

    Does anyone know what are the rates for pension deductions?

    Thanks a million
    :)


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    #2
    TheDriver
    Registered Users Posts: 12,414 ✭✭✭✭TheDriver


    I thinks its 6.5% for D PRSI and 5% for A PRSI. This includes child abd spouse, excludes levy.


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    #3
    Geuze
    Registered Users Posts: 13,110 ✭✭✭✭Geuze


    Millem wrote: »
    Hi All,

    Does anyone know what are the rates for pension deductions?

    Thanks a million
    :)

    6.5% for main pension conts

    This is made up of several components, which may be listed separately on a payslip.

    Note that is NOT 6.5% of your gross, it is more complex that that.

    On top of the 6.5%, then there is the PRD/ASC.


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    #4
    Geuze
    Registered Users Posts: 13,110 ✭✭✭✭Geuze


    TheDriver wrote: »
    I thinks its 6.5% for D PRSI and 5% for a PRSI. This includes child abd spouse, excludes levy.

    The main rate of PRSI is 4%.


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    #5
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    My prsi is 4% and spouse and child 1.5%.
    I am trying to figure out the two pension deductions....grouped pension and the additional one!
    I am going on parental leave but it will be across two payslips!
    One pay I will be in 11 days and the other 10 days and another 7 days!

    Thanks a mil


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    #6
    Geuze
    Registered Users Posts: 13,110 ✭✭✭✭Geuze


    Your contribution is made up of

    3% of your full-time
    gross pensionable remuneration

    3.5% of your full-time
    net pensionable remuneration

    Net pensionable remuneration is your gross pensionable remuneration less two times the
    value of the Contributory State Pension (CSP) for a single adult without dependants.
    As of 10 March 2017, the weekly CSP rate is €238.30. The current CSP rates can be found on www.welfare.ie


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