PRSI Rate Increase Effective from 1st October 2024: What Contractors Need to Know
Budget
As part of Budget 2024, it was announced that PRSI (Pay-Related Social Insurance) contribution rates will increase from 1st October 2024. This adjustment will impact employers, employees, and self-employed individuals, including those in the contracting industry. Here’s a breakdown of what to expect and how these changes could affect your finances as a contractor.