hello all, would be grateful for some advice, the 5% prsi and health levy in self assessment, if, for example, the total earnings before tax credits was 110,000 would the 5% prsi/health levy deduction be 5,500 (is that correct) from the 110,000 or from the percentage of this amount due to the revenue, many thanks in advance,PRSI and health levy question
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hello all, would be grateful for some advice, the 5% prsi and health levy in self assessment, if, for example, the total earnings before tax credits was 110,000 would the 5% prsi/health levy deduction be 5,500 (is that correct) from the 110,000 or from the percentage of this amount due to the revenue, many thanks in advance,PRSI is calculated on gross income. In this case it would be 5% of €110K. See this SW guide.
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Does the €46600 pay ceiling apply?