Hi there, a quick question around PRSI obligations.
My husband earns a mix of PAYE and self employed income. Does he pay the 4%/€500 Class S PRSI in addition to his PAYE PRSI, or is this only when self employed is your only income?
If for example his income was made up of 30k PAYE and 10K self employed, would his PRSI be made up of Class A on the 30k which is deducted at source, and then €500 Class S on the 10K, which we would pay at tax time?
Does that seem right? I just want to be clear how much to save for tax/PRSI obligations at the end of the year. Thanks if you can help
My husband earns a mix of PAYE and self employed income. Does he pay the 4%/€500 Class S PRSI in addition to his PAYE PRSI, or is this only when self employed is your only income?
If for example his income was made up of 30k PAYE and 10K self employed, would his PRSI be made up of Class A on the 30k which is deducted at source, and then €500 Class S on the 10K, which we would pay at tax time?
Does that seem right? I just want to be clear how much to save for tax/PRSI obligations at the end of the year. Thanks if you can help