I'm self employed since late 2006. In that year I was not liable for PRSI as I did not trade too much. I could however pay voluntary PRSI to keep up contributions for pension. However this voluntary payment doesn't contribute to other benefits such as maternity benefit. How much do I need to be earning in order to be liable for full PRSI (not voluntary PRSI)?
I can recall reading somewhere that I need to earn something like 3K, can somebody give me an exact figure for 2007?
If you decided to do part-time employment while getting your business going you (or perhaps just your employer) would be paying Class A contribution therefore giving you entitlement to the full range of benefits