Confirmation from Welfare for Class K – if earnings less than or equal to €100 in a week record as M.
Employee and Employer reckonable earnings for PRSI purposes are to be calculated independently, and at the relevant rate in respect of each seperate amount. This leads to the potential problem where employee and employer PRSI are returned at two different PRSI classes. To avoid this the return (contribution) will always be at the subclass designated by the employee reckonable earnings.
Advance Notice to computer users for PRSI changes now available on welfare.ie click here