Good find Ciaran, thanks for posting. That does clarify things. I think it is as we predicted i.e PRSI on the NSB annual payment but not on the bonus.
However I'm still confused as to how this relates to the definition of a chargeable person and the obligation to make a from 11 tax return. Let's say you earn >3174 in interest from State Savings bonds and certs - do you have to file a Form 11 return. If you do, presumably you'd then get charged zero tax and PRSI on your State Savings interest.
But if in addition to the State Savings interest you also had, say, 1000 euro in interest from a deposit account, would you then have to pay PRSI on the 1000?
Dub_Nerd
Thanks for your reply but I was under the assumption that if you only had investment income in excess of €3174 you would be classified as self employed and liable to a minimum PRSI payment of €500.
If you have a 3 year product with interest paid on the 3rd year do you declare €x of interest on the 3rd year or do you average out the notional interest over the 3 years?
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