PRSI on deposit interest

M

mcriot29

Registered User
Messages
143
Hey just a quick question i have heard from 2013 there will be PRSI on deposit interest.
i am not working and have no dole etc i get 260e a week from interest this is my total income can any one tell me will i be subject to PRSI on this income from next year 2013, or what amount can i have before i will have to pay PRSI and what is the rate thanks.
 
There already is PRSI on deposit interest for those who are self assessed. Haven't heard that they are extending this to everybody (e.g. including PAYE) though? I didn't think so.

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With that level of income you are already a self assessment taxpayer, so I'd imagine you've already been paying PRSI on the grossed up amount of your deposit interest, if you check your last couple of Form 11s... you'll also be liable to the USC on it from the start of 2011 AFAIK.
 
So i have to pay prsi now on it even when its my only income and only 260 a week , so is it 4 percent i pay i get around 14 k a year total so how much prsi do i have to pay on that , i thought since i pay dirt that was it esp on such a low income
 
Posted by mandelbrot:

I would have thought as Dirt satisfied the income tax liability no tax return has been necessary.
Also, there is no USC on interest which has been subjected to DIRT.
 
Gervan said:
Posted by mandelbrot:


I would have thought as Dirt satisfied the income tax liability no tax return has been necessary.
Also, there is no USC on interest which has been subjected to DIRT.
Click to expand...

Apologies, I'm having one of those days
 
So i dont pay prsi i rang the tax office and citzens advice both said they are unsure does anyone know , since i pay dirt will i pay prsi if i do it willbe 3 percent of total income from it
 
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