Legislation
What Is The Irish Budget 2021: Pay Related Social Insurance (PRSI)?
Date
January 2022
Summary
Employee PRSI
- There are no changes in employee rates of PRSI.
- There is no change to the employee PRSI Credit.
Self-employed payments
There are no changes to the rate of self-employed PRSI or in the minimum/flat rate self-employed PRSI payments.
Employer PRSI
In line with the increase in National Minimum Wage the upper threshold for paying the 8.8% Class A rate of employer PRSI is increasing from €398 to €410 from 1 January 2022.
Other PRSI Classes
There are no changes to other PRSI Classes.
Employment Wage Subsidy Scheme
A reduced rate of employer’s PRSI of 0.5% is charged on wages paid which are eligible for the Employment Wage Subsidy Scheme. The reduced rate will no longer apply after 28 February 2022.
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