Assisting spouse – PRSI

Assisting Spouses – PRSI

Until 2014,  spouses and civil partners of sole traders who assisted their spouse or civil partner in the sole trader enterprise, but not as employees of the sole trade business, could not make PRSI contributions.

Since 2014 ‘assisting spouses’ can qualify to make PRSI payments as a self-employed worker. Qualification to make these contributions applies only from 2014 onwards, and it is not be possible to make retrospective contributions.

In order to make PRSI contributions you must

• Demonstrate that you perform similar tasks as your self-employed spouse/civil partner; and
• Demonstrate that your income from all sources exceeds the minimum self-employed insurability threshold of €5,000.
• The income from his/her contribution on the farm must be shown as trading income or a share of the profits in the pay and file return made under Revenue’s self-assessment system of tax.

Subject to qualifying criteria

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