Self Employed and Insurable Employment

[Daithip]

Sorry can't find this on revenue or welfare site but what earnings/drawings in a year does a self employed person have to have to be deemed to be in insurable employment and liable to PRSI?

 

[gipimann]

Is this of any help?

http://www.welfare.ie/EN/Publications/SW14/sw14_jul11/Pages/ClassS.aspx

There is no lower limit mentioned for Class S PRSI (self-employment).
There is a lower limit for Class A PRSI (employment) - persons earning under €38 pw aren't liable.

 

[Daithip]

Thanks gipiman

 

[Ildánach]

Citizens Information wallchart states that an exemption for those earning less than 5,000 Euro a year applies.

 

[Black Sheep]

Not sure if you mean that you are both employed and self-employed at the same time.
If this is the case and

• you earn over E38 weekly from your employment you (or you and employer combined) will be paying a class A contribution
• you earn E5,000 yearly from self-employment you will be paying a class S contribution

So based on the above situation you would be paying both rates of contributions at the same time