Payroll Legislation

What Is The Irish Budget 2021: PRSI?

Legislation

What Is The Irish Budget 2021: PRSI?

Due 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.

Making payroll & HR easy