What PRSI do you pay if you are self-employed ?

What PRSI do you pay if you are self-employed ?

If you are self-employed you pay Class S PRSI contributions.

This entitles you to a limited range of social insurance payments including, Widow’s, Widower’s or Surviving Civil Partner’s Contributory Pension, Guardian’s Payment (Contributory), State Pension (Contributory), Maternity Benefit and Adoptive Benefit.

Class S PRSI contributions are paid at a rate of 4% on all income or €500 whichever is the greater. If you earn less than €5,000 from self-employment in a year you are exempt from paying Class S PRSI but you may pay €500 as a voluntary contribution. 

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie