My wife is out sick from her work and their Income protection plan has kicked in which is great in enabling the treatment and help she needs.
The provider pays her work once a month. Which payroll process through her next pay.
I have noticed since her pay used to be fortnightly that causing two issues.
Payroll are only paying 2 weeks prsi per month instead of 4 weeks for the month the insurance is covering. Not major issue since see getting illness credit for prsi for the moment.
2nd issue is prsi rate . Since the months pay is been processed as two weeks by payroll she be charged A1 rates instead of A0 rates as money ment to be for 4 weeks work. Costing here more and her employer more in contributions.
Is this normal practice or payroll making a mistake that insurance payment they get should be diveded into fortnightly payments? Prsi rates are worked out bases on weekly wage.
Payroll should be able to set up her pay on a monthly basis and she should contribute 4 or 5 Prsi contributions per month, depending on the number of pay days per month.
At present she is effectively unemployed for 2 weeks per month.