Class S PRSI

Q. As a self-employed individual I have to pay Class S PRSI. How much do I have to pay and what Social Welfare payments does it cover me for?  

28th September 2017

A. People who pay Class S include farmers, professional people, certain company directors, people in business on their own or in partnerships and people with income from investments, rents or maintenance payments. Employees who are also self-employed in a trade or profession pay Class S PRSI on that income as well as their Class A PRSI contribution as an employee.

Class S contributions only cover you for a limited number of payments. In general, they do not cover you for any short-term payments including illness and disability payments. They do not cover you for Jobseeker's Benefit. If you satisfy all the other conditions, Class S contributions can entitle you to:

  • Maternity Benefit
  • Adoptive Benefit
  • Widow's, Widower's or Surviving Civil Partner's (Contributory) Pension
  • State Pension (Contributory)
  • Treatment Benefit Scheme

If you are aged between 16 and 66 you pay Class S PRSI of 4% on all your income for tax purposes, that is, gross income less allowable expenses. You must pay 4% of all your income or €500, whichever is greater.

If you earn less than €5,000 from self-employment in a year you are exempt from PRSI, but you may pay €500 as a voluntary contributor (if you meet certain other conditions).

Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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Call us today to make an appointment at your local office

1890 98 76 09

Or submit an enquiry