Prsi Classes Ireland 2020 Courses

Paying PRSI contributions in Ireland can help you qualify for certain employment, health and social welfare benefits. In 2020, each employee pays 4% of their pay over €38 for their primary social security contributiions. The PRSI classes that are applicable in Ireland in 2020 are: Class A: employed with extra benefits This class of PRSI generally applies to employees, who pay their contributions through their wages. It applies to most PAYE workers and you may qualify for additional social insurance based benefits such as invalidity pension and dependents benefits as well as unemployment and health benefits. Class B: self employed workers This class applies to most self-employed people in Ireland and consists of a flat rate payment of €500 or €1000 depending on your annual profits or gains. If you have an annual taxable income of over €100,000 you will have to pay the discounted rate of €500. Class C: voluntary workers This class applies to people who work voluntarily, such individuals are not required to pay PRSI. Class D: voluntary hairdressers This class applies to people who work voluntarily as hairdressers. It is subject to the same flat rate of either €500 or €1,000 as for other voluntary workers in 2020. Class H: employees of Domiciliary Care Allowance This class of PRSI applies to employees who are paid the Domiciliary Care Allowance. This allowance is paid to carers of people who are over 65 years or have severe disabilities or enduring illnesses. There is a flat rate payment of €500 or €1,000 depending on the employee’s taxable income. Class K: unemployed persons This class applies to people who are involuntarily unemployed and claiming certain social welfare benefits. It is subject to the same flat rate of €500 or €1,000 for voluntary workers in 2020. Class S: employees of overseas companies This class applies to people who are employed by overseas companies and subject to social security in Ireland through a ‘totalisation agreement’. The amount of PRSI due from employees in this class depends on the agreement with their overseas employer.