Karl Grabe
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Key Post: PRSI Explained - 2008 version
- Thread starter Brendan Burgess
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spinal_tap
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Re: PRSI Explained
No Karl, eMac and iMac using OS 9.2.2 and IE 5 ... can't upgrade to OSX for another few months due to software compatibility problems.
No Karl, eMac and iMac using OS 9.2.2 and IE 5 ... can't upgrade to OSX for another few months due to software compatibility problems.
Re: PRSI Explained
Good point - I never noticed that!
Indeed - and have we even covered all Class A possibilities here?
Karl Grabe
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Re: PRSI Explained
I don't suppose trying to capture all of this in a flowchart would make any sense? Would make writing sofware to calculate prsi allot easier!
Good point - I never noticed that!
Indeed - and have we even covered all Class A possibilities here?
I don't suppose trying to capture all of this in a flowchart would make any sense? Would make writing sofware to calculate prsi allot easier!
Brendan Burgess
Founder
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Re: PRSI Explained
Karl
That is a great idea.
Maybe we will have a competition "The Askaboutmoney make sense of PRSI" competition.
Now what would a suitable prize be?
Brendan
Karl
That is a great idea.
Maybe we will have a competition "The Askaboutmoney make sense of PRSI" competition.
Now what would a suitable prize be?
Brendan
Karl Grabe
Registered User
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Re: PRSI Explained
yes!, and maybe with the AAM PRSI flowchart printed ([broken link removed]?)
on it - although it probaby wouldn't all fit!
We could even sell them afterwards - proceed to AAM, of course!
yes!, and maybe with the AAM PRSI flowchart printed ([broken link removed]?)
on it - although it probaby wouldn't all fit!
We could even sell them afterwards - proceed to AAM, of course!
Re: PRSI Explained
PRSI is not really that complicated
Here's a very useful link to check if you're paying the correct PRSI.
http://www.welfare.ie/calculators/prsi_calc_07.html
Hope this helps
PRSI is not really that complicated
Here's a very useful link to check if you're paying the correct PRSI.
http://www.welfare.ie/calculators/prsi_calc_07.html
Hope this helps
T
tax123
Guest
Re: PRSI Explained
That's a great link - I had no idea it was there
Thanks a million Busymam!
That's a great link - I had no idea it was there
Thanks a million Busymam!
Brendan Burgess
Founder
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Re: PRSI Explained
I have added the link to the First Post.
Can someone reply when the calculator is out for 2008.
Brendan
I have added the link to the First Post.
Can someone reply when the calculator is out for 2008.
Brendan
Re: PRSI Explained
There's another publication that deals with calculation of PRSI. It's called the PRSI Ready Reckoner and it covers the most common classes of PRSI and unlike the online calculator it also covers income over the present threshold of €48,800. This is the one for 2007.
http://www.welfare.ie/publications/prsi1_07.pdf
The latest versions of these should be available soon.
Hope this helps to demystify PRSI and doesn't cause more confusion
There's another publication that deals with calculation of PRSI. It's called the PRSI Ready Reckoner and it covers the most common classes of PRSI and unlike the online calculator it also covers income over the present threshold of €48,800. This is the one for 2007.
http://www.welfare.ie/publications/prsi1_07.pdf
The latest versions of these should be available soon.
Hope this helps to demystify PRSI and doesn't cause more confusion
Karl Grabe
Registered User
- Messages
- 41
Re: PRSI Explained
[broken link removed]
with this tool Collaborators would have to supply an email address to the document owner which may not be practical.
... or aam members could collaborate to put it together. I tried the following online tool:
[broken link removed]
with this tool Collaborators would have to supply an email address to the document owner which may not be practical.
Brendan Burgess
Founder
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Re: PRSI Explained
Busyman said:
You are not serious! The Department's calculator cannot handle salaries over €48,800?
I put in a salary of €2,000 per week, and I got a result which looks right, but it's only right if that is my first salary of the year. It would be wrong, if I had already earned €50,000!
It shows how complex it is.
Brendan
Busyman said:
You are not serious! The Department's calculator cannot handle salaries over €48,800?
I put in a salary of €2,000 per week, and I got a result which looks right, but it's only right if that is my first salary of the year. It would be wrong, if I had already earned €50,000!
It shows how complex it is.
Brendan
Nomansland
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Re: PRSI Explained
Thanks Brendan for explaining this. I have a better understanding of it now but its still a fair complicated system.
Thanks Brendan for explaining this. I have a better understanding of it now but its still a fair complicated system.
G
Guest127
Guest
Re: PRSI Explained
the threshold next year for the health levy is €26,000 or €500 per week. say your employer paid you €400 for 40 weeks = €16000 (prsi deducted but no health levy) and in a mood of governmental generosity €1,000 for the next 12 weeks - €12,000. ( prsi deducted now includes health levy) total earnings for the year €28,000. but you only paid health levy contribution on €12,000 (€240). If your employer had paid you the €28,000 evenly over the whole year you would have paid €560 health levy. I understand from above posts that if your earnings over the whole year are under €26,000 and you were paid over €500 in any one week that any health levy paid by you can be reclaimed but in above case is the opposite also applicable ie do you owe the €320 or does the fact that you were not liable on a weekly basis for the levy in the 40 weeks mean that you do not owe the €320?
the threshold next year for the health levy is €26,000 or €500 per week. say your employer paid you €400 for 40 weeks = €16000 (prsi deducted but no health levy) and in a mood of governmental generosity €1,000 for the next 12 weeks - €12,000. ( prsi deducted now includes health levy) total earnings for the year €28,000. but you only paid health levy contribution on €12,000 (€240). If your employer had paid you the €28,000 evenly over the whole year you would have paid €560 health levy. I understand from above posts that if your earnings over the whole year are under €26,000 and you were paid over €500 in any one week that any health levy paid by you can be reclaimed but in above case is the opposite also applicable ie do you owe the €320 or does the fact that you were not liable on a weekly basis for the levy in the 40 weeks mean that you do not owe the €320?
Z
z107
Guest
Re: PRSI Explained
Cuchulainn, no you shouldn't owe the money. (But don't take my word for it!)
Depending on the 'spread' of PRSI payments throughout the year, two different people with the same annual gross pay can end up paying differents amounts of PRSI.
Cuchulainn, no you shouldn't owe the money. (But don't take my word for it!)
Depending on the 'spread' of PRSI payments throughout the year, two different people with the same annual gross pay can end up paying differents amounts of PRSI.
G
Guest127
Guest
Re: PRSI Explained
thanks UMO. I actually pity anyone trying to understand prsi and the health levy. its as clear as mud, and taxes ( and thats what prsi and the health levy are) should be transparant and fair.
thanks UMO. I actually pity anyone trying to understand prsi and the health levy. its as clear as mud, and taxes ( and thats what prsi and the health levy are) should be transparant and fair.
eileen alana
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helpPlease
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