PRSI stands for Pay Related Social Insurance which contributes to the Social Insurance Funds, which in turns assists in payments for Social Welfare benefits and pensions.
What class of PRSI do I pay as a daily rate contractor?
- PAYE Umbrella Company – Class A PRSI
- Personal Limited Company – Class S PRSI
- Director Umbrella Company – Class S PRSI
What is the different between the Class A PRSI and Class S PRSI?
|PRSI Class A provides cover for:||PRSI Class S provides cover for:|
|Job Seekers & Illness Benefit||Widow’s and Widower’s (Contributory) Pension|
|Maternity Benefit||Guardian’s Payment (Contributory)|
|Adoptive Benefit||State Pension (Contributory)|
|Health and Safety Benefit||Maternity Benefit|
|Invalidity Pension||Adoptive Benefit|
|Widow/Widower’s or Surviving Civil||Bereavement Grant|
|Partner’s (Contributory) Pension|
|Guardians Payment (Contributory)|
|State Pension (Contributory)|
|*State Pension (Transition)|
|Occupational Injuries Benefit|
|*The State Pension (transition) will no longer be paid where a person reaches 65 on or after 1 January 2014.||Class S PRSI does not provide cover for any other schemes/benefits.|
For further information on Job Seekers benefits/allowance we advise to contact your local Social Welfare Office to advice on personal entitlements. Click here to view the list of Social Welfare Branches and contact information.