Pay-related social insurance (PRSI) is levied at the following rates, for the tax year 2017.
[space size=10] Employee
Exempt: Earnings up to €352 per week.
4%: All earnings of above €352 per week.
[space size=20] Employer PRSI
8.5%: Earnings up to €376 per week. (This was 4.25% for 2011-2013 inclusive).
10.75%: All earnings of above €376 per week.
[space size=20] Self-employed PRSI
4%: All earnings. The minimum contribution is €500 per year.
From January 2016, earnings between €352 and €424 per week are subject to a maximum PRSI credit of €12, this is reduced by 1/6th of earnings in excess of €352.
[space size=20] Universal social charge
Exempt: Income below €13,000; certain social welfare payments; income already subjected to DIRT.
0.5% (previously 1%): The first €12,012 of earnings.
2.5% (previously 3%): Income between €12,013 and €18,772..
5% (previously 5.5%): Income between €18,773 and €70,044.
The 2.5% rate applies if the earner is:
(a) aged 70 or over, or
(b) a medical card holder aged under 70,
with income less than €60,000.
8%: Remainder. The rate is 11% (i.e., 8% plus 3% surcharge) in respect of non-employment income in excess of €100,000 (reduced to 8% if the earner is aged 70 or over).
A 5% USC charge applies to income sheltered by area-based property incentives (accelerated capital allowances and “section 23” reliefs).